Assume a buyer and seller execute a contract in which the seller is going to deliver a couch later in the day to the buyer.With a simple delivery contract in which the seller is not a merchant,which party sustains a loss if,through no fault of either party,the couch is destroyed through fire prior to delivery?
A)Loss is proportioned 25% to the buyer and 75% to the seller
B)Loss is proportioned 50% to the buyer and 50% to the seller
C)Loss is proportioned 75% to the buyer and 25% to the seller
D)The buyer
E)The seller

Question

Quizplus · Accepted Answer

A)If the seller is not a merchant,the risk of loss passes to the buyer when goods are
made available.
B)If the seller is not a merchant,the risk of loss passes to the buyer when goods are made available.
C)If the seller is not a merchant,the risk of loss passes to the buyer when goods are made available.
D)If the seller is not a merchant,the risk of loss passes to the buyer when goods are made available.
E)If the seller is not a merchant,the risk of loss passes to the buyer when goods are made available.

Assume a Buyer and Seller Execute a Contract in Which