Acme Timber Company ordered machinery to harvest timber in swampland from Johnson Equipment "on approval." After two weeks' use the machinery proved inadequate because it was damaged by swamp water while being used for the timber harvesting. Acme bears the loss.
Correct Answer:
Verified
Q1: Title and risk of loss necessarily pass
Q2: It is common for contracting parties to
Q3: The buyer's "special property" interest that arises
Q4: Oswald was visiting Alice at Alice's office.
Q5: In a consignment situation, the seller is
Q7: In a destination contract, the seller's obligation
Q8: In a shipment contract, the seller's obligation
Q9: According to the Uniform Commercial Code, a
Q10: Under F.O.B. shipment, the seller's obligation is
Q11: Under a sale-on-approval contract, risk of loss
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