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

Solutions

Expert Solution

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.

Under shipment contract, when seller hands over the goods to the carriage, he is no longer the owner of goods. Once the goods gets transferred to the carriage his right and/or obligation ends. Hence we can say that as he is then not liable the title of these goods gets transferred to the buyer.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

1. Seller enters into a shipment contract with Buyer. When is delivery completed? When Buyer receives...

1. Seller enters into a shipment contract with Buyer. When is delivery completed? When Buyer receives the shipment When Seller hands over the shipment to Carrier When shipment receives delivery destination selected by Buyer When the Seller notifies the Buyer that the shipment is in transit 2. According to the going and coming rule, what is the liability of the principle for injuries caused by its agents and employees while they are on their way to or from work? Complete...

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...

Seller and buyer enter into a contract for buyer to purchase 1,000 pot holders for $1,000....

Seller and buyer enter into a contract for buyer to purchase 1,000 pot holders for $1,000. Assume for purposes of this question the contract is in writing and otherwise meets all requirements of the Statute of Frauds. Buyer breaches the contract and seller resells to a local company for $900. Discuss the remedies that are available to the seller

Consider a buyer and seller who enter into a contract where the seller produces a good...

Consider a buyer and seller who enter into a contract where the seller produces a good and delivers it to the buyer for payment. At the time of making the contract, the seller is uncertain as to the actual cost of the project, and the situation is described by the following: Cost = 30 with probability 60% Cost = 70 with probability 20% Cost = 150 with probability 20% Before production occurs, the seller does learn the cost. The value...

If the contract requires the seller to ship goods by carrier but does not require that...

If the contract requires the seller to ship goods by carrier but does not require that the seller guarantee their delivery to a specific destination, when does risk pass from the seller to the buyer? Multiple Choice When the goods are delivered to the carrier. When the buyer receives the document of title. When the goods are delivered to the buyer. When the buyer has the power to take possession of the goods. Leroy ordered a DVD player for his...

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?

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.

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?

Subjects