Asked by Madeline Boutot on Apr 26, 2024
Verified
Rebecca sells Qadir goods that are located in the Matrix Warehouse and gives Qadir a warehouse receipt at 5 P.M.Matrix closes at 5 P.M.That night,the goods are destroyed by a fire at the Matrix Warehouse.Have the goods been tendered to Qadir by Rebecca?
Warehouse Receipt
A receipt issued by a person engaged in the business of storing goods for hire.
Tendered
Offered formally or presented for acceptance.
- Learn about the responsibilities that sellers and buyers bear in the process of tendering, delivering, and accepting goods.
Verified Answer
TM
Taylor ManningApr 27, 2024
Final Answer :
Tender occurs when Qadir receives the document of title allowing him to take possession of the goods.Acknowledgement by the warehouse of the buyer's right to their possession is not required if the document of title has been sent to the buyer.Hence,Rebecca has tendered the goods to Qadir.
Learning Objectives
- Learn about the responsibilities that sellers and buyers bear in the process of tendering, delivering, and accepting goods.
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