In a sale on approval, the risk of loss passes to the buyer when the buyer takes possession of the goods.
Correct Answer:
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Q1: If a seller under a shipment contract
Q3: When goods are existing and identified to
Q3: When a person picks out a specific
Q6: In a contract for FOB place of
Q11: Goods are called identified goods when they
Q11: In a sale on approval, the buyer's
Q12: COD is a shipping term that requires
Q17: Title to goods can be transferred without
Q18: If a buyer purchases goods on approval,
Q22: A sale or return is a completed
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