True under a shipment contract the risk of loss

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trueUnder a shipment contract, the risk of loss
passes to the buyer when the seller placesconforming goods in the possession of thecarrier.Unless a contract provides otherwise, it is
assumed to be a destination contract.C.I.F. stands for "cost, insurance, freight."
11/14/14 10:23 PMBusiness Law Final flashcards | QuizletfalseIf a seller is not a merchant, the risk of lossto goods held by the seller passes to a buyerwhen the buyer takes physical possession ofthe goods.In a sale or return, the seller delivers the
Page 3 of 3
goods to the buyer with the understandingthat the buyer can set aside the deal byreturning the goods.
trueIn a sale on approval, title and risk of losspass only when the buyer accepts the goods.
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Term
Fall
Professor
Gough
Tags
Business Law, buyer, Merchant, Uniform Commercial Code

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