A seller contracted to sell goods to the buyer.The goods were to be held by the seller until the buyer could pick them up.The seller informed the buyer that the goods were ready to be picked up.Several days later,before the buyer could pick up the goods,the goods were destroyed by fire.The seller is not a merchant.Which of the following statements best describes this situation?
A) The risk of loss passed to the buyer when the contract was made.
B) The risk of loss passed to the buyer when the goods were tendered to the buyer.
C) The risk of loss has not yet passed to the buyer.
D) The risk of loss passed to the buyer a reasonable time after she was notified that the goods could be picked up.
Correct Answer:
Verified
Q71: A seller contracted to sell lumber to
Q72: Seller agrees to sell and deliver goods
Q73: Seller contracts to sell goods to the
Q74: A seller contracted to sell goods to
Q75: Theona Thief stole an expensive watch.Theona then
Q77: In general,what is the effect on risk
Q78: When a buyer of goods has obtained
Q79: Ralph purchases a car from a minor
Q80: Under the UCC,an entrusting of goods to
Q122: The entrustment rule can have harsh results.Why
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