My-Tee Shirt Corporation orders from Celebrity Sales,Inc. ,goods that are stored in a Realty,Inc. ,warehouse.My-Tee pays for the goods,delivery is via the transfer of a negotiable warehouse receipt,and My-Tee moves the goods out of the warehouse.The risk of loss passes to My-Tee when it

Question

Quizplus · Accepted Answer

The risk of loss passes to My-Tee when it receives the negotiable warehouse receipt, as this indicates the transfer of ownership and control over the goods.

My-Tee Shirt Corporation Orders from Celebrity Sales,Inc