Meena offered to sell a widget to Thor for use in his factory.He hesitated to accept that offer because he was not sure that the widget would be compatible with the rest of his equipment.The parties therefore agreed that Thor would take possession of the widget for the purpose of testing it at his factory.Which of the following statements is TRUE?
A) Risk will pass to Thor if he keeps the widget for an unreasonably long time, even if he does not intend to purchase it.
B) Since property follows possession, the risk passed to Thor as soon Meena gave the widget to him.
C) Risk cannot possibly pass to Thor unless he notifies Meena that he intends to keep the widget.
D) This transaction falls under Rule 5.
E) In this type of case, the issue of risk is irrelevant.
Correct Answer:
Verified
Q21: If goods are sold by both description
Q22: Chuck was interested in a stereo system
Q23: The general rule in sales is caveat
Q24: Juan bought a lawn mower at Raija's
Q25: Kasper bought a truckload of gravel from
Q27: Which of the following statements is entirely
Q28: On March 1, Giselle saw Harlan demonstrating
Q29: Fenna bought a specific widget from Maurice.The
Q30: Which of the following statements is TRUE?
A)The
Q31: Lucy sells bulk foods to restaurants.Jean-Paul visited
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents