If goods are sold and delivered to buyer, buyer reserving the right to return them, risk of loss is on buyer until they are returned.
Correct Answer:
Verified
Q10: Under F.O.B. shipment, the seller's obligation is
Q11: Under a sale-on-approval contract, risk of loss
Q12: A sale cannot occur without a shift
Q13: As long as the seller retains title
Q14: It the seller breaches the contract by
Q16: Under the Uniform Commercial Code, a person
Q17: Title passes when delivery is completed, even
Q18: Certainly a person has insurable interest if
Q19: If the parties fail to specify how
Q20: According to the Uniform Commercial Code, identification
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