When, at the time of contracting, the goods are in the hands of a third-party bailee and are covered by a document of title, the risk passes to the buyer when he or she:
A. indulges in a breach of contract.
B. receives the document of title.
C. acknowledges the third-party bailee's right to possession.
D. takes possession of the goods.
Answer: B
You might also like to view...
Under federal law, manufacturers, but not sellers, may be held strictly liable for a defective product
a. True b. False Indicate whether the statement is true or false
Venture capital firms invest in
A. banks and financial firms. B. large, successful firms. C. small firms that have the potential to be very successful. D. neighborhood convenience stores. E. chain retail establishments.
IP stands for:
A) Internet productivity B) International protocol C) Intransient properties D) Internet protocol
Software is tested thoroughly with every possible input in order to uncover possible ____, errors in the program code that cause the software to malfunction.
A. stitches B. ants C. bugs D. snags