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Unformatted text preview: ownership pursuant to Section 2-401 UCC. Issue: Does Martin have to bear the loss of the truck and haystack mover? Decision: Yes, the district courts decision was affirmed, but the reasoning was different. Reason: The risk of loss passes to the buyer on his receipt of the goods only if the seller is a merchant. Since Martin admits that he is not a merchant, he must tender delivery of the unit to Mellands. The trade in unit was not tendered because the agreement stated that Martin would keep the old unit until they had to new one ready. Since the new one burned to the ground, Martin did not tender delivery to fulfill code section 2-509 of the UCC. As a result, Martin must bear the loss....
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This note was uploaded on 09/17/2011 for the course BLAW 300 taught by Professor King during the Spring '11 term at University of Phoenix.
- Spring '11