When goods transported from the seller to the buyer by a third party carrier, the time when the risk of loss passes from the seller to the buyer is determined by:

(a) the contract's shipping terms (b) the buyer's insurance policy (c) the seller's insurance policy (d) when the title of goods passes from seller to buyer

Expert Solution

When goods transported from the seller to the buyer by a third party carrier, the time when the risk of loss passes from the seller to the buyer is determined by "the contract's shipping terms".

hence option "a" is correct.

ekkarill92 answered 2 years ago

The Uniform Commercial Code states that if goods are held by a merchant seller, the risk of loss passes to the buyer when she takes physical possession of the goods.

The Uniform Commercial Code states that if goods are held by a merchant seller, the risk of loss passes to the buyer when she takes physical possession of the goods. If goods are held by a non-merchant seller, on the other hand, risk of loss passes to the buyer when the seller tenders the goods to the buyer. Briefly explain why merchant sellers bear the risk of loss longer than non-merchant sellers.

Buyer and seller of goods enter into a shipment contract for delivery of the goods by carrier to the buyer.

Buyer and seller of goods enter into a shipment contract for delivery of the goods by carrier to the buyer. Title of these goods passes to the buyer when the (a) seller hands over the goods to the carrier (b) buyer takes the actual delivery of the goods (c) buyer receives a receipt for the goods (d) all of the above

In a shipment contract, when does title and risk of loss pass from Seller to Buyer:...

In a shipment contract, when does title and risk of loss pass from Seller to Buyer: a) If the terms was FOB Shipping Point? b) If the shipment term was FOB Destination?

Under the Uniform Commercial Code (UCC), risk of loss passes to the buyer (A) when the...

Under the Uniform Commercial Code (UCC), risk of loss passes to the buyer (A) when the goods are delivered to the carrier if the terms are FOB destination (B) when the goods are placed on the seller’s loading dock if the terms are FOB destination (C) when the goods are placed on the seller’s loading dock if the terms are FOB shipping point (D) when the goods are delivered to the carrier if the terms are FOB shipping point

A buyer purchases goods from an online seller. The goods will be delivered from the seller...

A buyer purchases goods from an online seller. The goods will be delivered from the seller to the buyer under a shipment contract. The title to the goods will pass from the seller to the buyer when... (a) seller delivers the goods to the carrier (b) goods arrive at the buyer's stetted address (c) buyer takes actual possession of the goods (d) buyer receives a receipt from the seller (e) buyer pays the seller for the goods

A buyer purchases goods from an online seller. The goods will be delivered from the seller...

A buyer purchases goods from an online seller. The goods will be delivered from the seller to the buyer under a shipment contract. The title to the goods will pass from the seller to the buyer when Select one: a. seller delivers the goods to the carrier b. goods arrive at the buyer's stated address c. buyer takes actual possession of the goods d. buyer receives a receipt from the seller e. buyer pays the seller for the goods

A seller contracted to sell lumber to the buyer. The contract was a destination contract and the goods were to be shipped by common carrier.

A seller contracted to sell lumber to the buyer. The contract was a destination contract and the goods were to be shipped by common carrier. The lumber was destroyed by fire before it was delivered to the buyer. Which of the following statements best describes this situation? The risk of loss has not yet passed to the buyer and remains on the seller until the goods are delivered. The risk of loss passed to the buyer when the contract was made. The risk...

When we are in a lawsuit that a loss was incurred by Third-party due to reliance...

When we are in a lawsuit that a loss was incurred by Third-party due to reliance on misleading financial statements. The auditor has the burden of demonstrating as a defense that an adequate audit was conducted. So how we can prove that we already do an adequate audit? Is the court will suporting the auditor or not when the laypeople with no accounting experience make up the jury.? explain please

True or False. When a buyer has a property interest in goods when the seller indicates...

True or False. When a buyer has a property interest in goods when the seller indicates that certain goods are the ones to be delivered to the buyer under the contract.

Identify who bears the risk of loss when goods are stolen and resold？

Question

When goods transported from the seller to the buyer by a third party carrier, the time when the risk of loss passes from the seller to the buyer is determined by:

Solutions

Expert Solution

Related Solutions

The Uniform Commercial Code states that if goods are held by a merchant seller, the risk of loss passes to the buyer when she takes physical possession of the goods.

Buyer and seller of goods enter into a shipment contract for delivery of the goods by carrier to the buyer.

In a shipment contract, when does title and risk of loss pass from Seller to Buyer:...

Under the Uniform Commercial Code (UCC), risk of loss passes to the buyer (A) when the...

A buyer purchases goods from an online seller. The goods will be delivered from the seller...

A buyer purchases goods from an online seller. The goods will be delivered from the seller...

A seller contracted to sell lumber to the buyer. The contract was a destination contract and the goods were to be shipped by common carrier.

When we are in a lawsuit that a loss was incurred by Third-party due to reliance...

True or False. When a buyer has a property interest in goods when the seller indicates...

Identify who bears the risk of loss when goods are stolen and resold？