Shipment contracts allocate the risk of loss upon the purchaser from the moment of loading or shipment.

Name: Shipment contracts allocate the risk of loss upon the purchaser from the moment of loading or shipment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is generally true for shipment contracts, where the risk of loss is transferred to the buyer once the goods are loaded onto the transportation vehicle. However, there may be exceptions depending on the specific terms of the contract.

Shipment Contracts Allocate the Risk of Loss Upon the Purchaser