If a seller is a merchant,and the seller holds the goods,the risk of loss passes to a buyer when the buyer takes physical possession of the goods.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), if the seller is a merchant and holds the goods, the risk of loss passes to the buyer when the buyer takes physical possession of the goods. This is known as the "shipment contract" rule, which applies unless the parties have agreed otherwise.

If a Seller Is a Merchant,and the Seller Holds the Goods,the