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Source Offer Complete Contracts and UCC Article 2 List Showing the closest available flashcard practice.

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0 tracked cards Contracts

A seller contracted to sell goods to a buyer "FOB Seller's warehouse." The seller properly packed the goods and delivered them to a carrier. The carrier destroyed the goods in transit without fault by either party.
Which statement best describes risk of loss?

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In a shipment contract, risk of loss always stays with the seller until the buyer physically receives the goods. Risk of loss always passes when the contract is signed. Risk of loss always passes only after the buyer resells the goods. In a shipment contract, risk of loss generally passes when the seller duly delivers the goods to the carrier.

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