Question
In: Operations Management
The moment the contract goods are identified by the lessor or seller, the lessee or buyer...
The moment the contract goods are identified by the lessor or seller, the lessee or buyer has a property interest in the goods, and therefore an insurable interest.
a. This statement is true.
b. This statement is false.
Solutions
Expert Solution
a. This statement is true
Insurable interest is the property interest in goods being sold or leased that is sufficiently substantial to permit a party to insure against damage to goods.
keosha answered 2 years agoRelated Solutions
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
a) Buyer A has entered into a contract for the sale of goods with Seller B....
a) Buyer A has entered into a contract for the
sale of goods with Seller B. Seller B has delivered nonconforming
goods but has promised to cure the defects. After three months of
waiting, Seller B has not cured the defect. What remedy does Buyer
A have?
b) Buyer A has entered into a contract for the
sale of goods with Seller B. Buyer A has breached the contract
while the goods are in transit. What remedy does Seller B...
a) Buyer A has entered into a contract for the sale of goods with Seller B....
a) Buyer A has entered into a contract for
the sale of goods with Seller B. The contract provides that Seller
B will deliver the goods on May 1, 2010. On May 1, 2010, Seller B
informs A that it will not be able to perform the contract. Assume
Buyer A was going to pay $3,000 for the goods under the contract
with Seller B. Seller C will sell Buyer A the goods for $4,000 plus
a transportation cost of...
Buyer A has entered into a contract for the sale of goods with Seller B.
Buyer A has entered into a contract for the sale of goods
with Seller B. The contract provides that Seller B will deliver the
goods on May 1, 2010. On February 1, 2010, Seller B informs A that
it will not be able to perform the contract. What has occurred and
what remedies are available to A in this case?
A German seller and a U.S. buyer form a contract. The buyer breaches. The seller sues...
A German seller and a U.S. buyer form a contract. The buyer
breaches. The seller sues in a German court and wins damages, but
the buyer’s assets are in the United States. If a U.S. court
enforces the judgment, it will be because of
Question 33 options:
the doctrine of sovereign immunity.
the act of state doctrine.
the principle of comity.
None of the above.
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...
Buyer and Seller entered into a contract governed by the CISG for Seller to deliver a...
Buyer and Seller entered into a contract governed by the CISG
for Seller to deliver a sophisticated computer to Buyer by January
1. Seller was late in delivering themachine, so Buyer wired Seller
on January 2: “Anxious to take delivery of the computer. Hope that
it arrives by February1.”Seller delivers the computer on February
5, but Buyer refused to accept it and declares that the contract is
avoided because Seller failed to hand over the computer before the
February 1...
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
Expatiate on the duties of the seller to the buyer in a contract for sale of...
Expatiate on the duties of the seller to the buyer in a contract
for sale of goods.
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