Red's Roofing buys asphalt tiles from Shingles, Inc. The parties agree that the tile will be shipped "F.O.B. Shingles's warehouse" to Red's Roofing location via Tristate Trucking Corporation. The tiles are lost in transit. The loss is suffered by

Question

Red's Roofing buys asphalt tiles from Shingles, Inc. The parties agree that the tile will be shipped "F.O.B. Shingles's warehouse" to Red's Roofing location via Tristate Trucking Corporation. The tiles are lost in transit. The loss is suffered by​

Quizplus · Accepted Answer

Since the agreement was that the tile would be shipped F.O.B. Shingles's warehouse, the ownership of the goods would transfer from Shingles to Red's as soon as the goods were loaded onto the truck. Therefore, Red's would be the one to suffer the loss.

Red's Roofing Buys Asphalt Tiles from Shingles, Inc