My-Tee Shirt Corporation orders from Celebrity Sales, Inc., goods that are stored in a Realty, Inc., warehouse. My-Tee pays for the goods, delivery is via the transfer of a negotiable warehouse receipt, and My-Tee moves the goods out of the warehouse. The risk of loss passes to My-Tee when it
A. orders the goods.
B. pays for the goods.
C. receives the negotiable warehouse receipt.
D. moves the goods out of the warehouse.
Answer: C
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