When the seller provides the buyer with a document enabling them to pick up goods held at an independent warehouse, the risk of loss passes to the buyer when the:
a. goods are picked up by the buyer.
b. contract of sale is signed.
c. buyer receives the document entitling it to pick up the goods.
d. buyer pays for the goods.
c
You might also like to view...
When developing a presentation for an online audience,
A) send out study materials immediately after the presentation is over. B) break complicated slides into multiple slides. C) limit the use of the backchannel to Twitter breaks. D) start the presentation on time. E) keep each slide on screen for a longer period of time.
Secured creditors do not need to perfect their interests to be protected under the UCC.
Answer the following statement true (T) or false (F)
________ insurance is designed to cover you in the event that a business (its employees) fails to do something that causes harm to a customer.
A. Negligence B. Errors and omissions C. Product liability D. Casualty
Delicious Coffee Company hires Elton to sell Delicious's products in a certain area. Delicious agrees to pay Elton a salary, plus commission, for a trial period. They also agree that Elton can sell using any methods and during any hours that seem appropriate. The key factor in whether Elton is Delicious's employee is
A. the amount of Elton's salary. B. the control Delicious has over the details of the work. C. the length of the trial period. D. the title that designates Elton's position.