A8 when a lessee sells leased equipment to a third

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A8. When a lessee sells leased equipment to a third party, the lessor cannot, under any circumstances, recover the equipment from the buyer.
NAT: AACSB Analytic AICPA Legal B8. Entrusting goods to a merchant who deals in goods of the kind gives the merchant power to transfer all rights to a buyer in the ordinary course of business. ANSWER: T PAGE: 425 TYPE: = NAT: AACSB Analytic AICPA Legal A9. Under a shipment contract, the risk of loss passes to the buyer when the seller places conforming goods in the possession of the carrier. ANSWER: T PAGE: 427 TYPE: = NAT: AACSB Analytic AICPA Legal B9. When the risk of loss for goods passes from a seller to a buyer is generally determined by the contract between the parties. ANSWER: T PAGE: 427 TYPE: = NAT: AACSB Analytic AICPA Legal A10. Under a destination contract, the risk of loss passes to the buyer when the goods are duly delivered to the carrier. ANSWER: F PAGE: 430 TYPE: = NAT: AACSB Analytic AICPA Legal B10. Under a shipment contract, the risk of loss passes to the buyer only when the seller tenders conforming goods to the buyer at the specified destination. ANSWER: F PAGE: 427 TYPE: = NAT: AACSB Analytic AICPA Legal A11. A warehousing company that normally issues documents of title for goods it receives is a bailee. ANSWER: T PAGE: 430 TYPE: = NAT: AACSB Reflective AICPA Legal B11. If a seller is a merchant, and not required to move the goods, the risk of loss passes to a buyer when the buyer takes physical possession of the goods.
NAT: AACSB Analytic AICPA Legal A12. If a seller is not a merchant, the seller holds the goods, and the buyer is to pick them up, the risk of loss passes to the buyer on tender of delivery. NAT: AACSB Analytic AICPA Legal
B12. If a seller is not a merchant, and not required to move the goods, the risk of loss passes to a buyer only when the buyer takes physical possession of the goods. ANSWER: F PAGE: 430 TYPE: + NAT: AACSB Analytic AICPA Legal A13. If a lessor is a merchant, the risk of loss passes to a lessee when the lessee takes physical possession of the goods.
NAT: AACSB Analytic AICPA Legal B13. A bailee is a buyer or lessee. NAT: AACSB Reflective AICPA Critical Thinking
A14. If a seller is not a merchant, and the goods are not to be moved, the risk of loss cannot pass to a buyer.
NAT: AACSB Analytic AICPA Legal

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