Leo buys a boat from his neighbor Moe,who is a fishing guide.Moe agrees to keep the boat in his storage shed until Leo picks it up.A tree falls on Moe's shed and destroys the boat.The loss is suffered by

Question

Quizplus · Accepted Answer

As per the given scenario, Leo had already bought the boat from Moe. Therefore, the ownership of the boat had transferred from Moe to Leo. Even though the boat was in Moe's storage shed at the time of damage, the risk of loss had already passed to Leo as the owner. Hence, Leo suffers the loss alone.

Leo Buys a Boat from His Neighbor Moe,who Is a Fishing