Asked by Thanh Ph??c Hu?nh Th? on Jun 15, 2024
Verified
Roasters Corporation and Outdoor Barbecues Inc. enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
A) Roasters delivers the goods to Speedy.
B) Roasters and Outdoor enter into their contract.
C) Speedy transports the goods to Outdoor.
D) Outdoor begins to use the grill.
Risk Of Loss
The potential that an investment's value will decrease, leading to a financial loss for the investor or owner.
Commercial Grill
A type of cooking appliance used in food service establishments, designed for grilling large quantities of food efficiently.
- Ascertain the juncture at which the hazard of loss shifts in varied instances involving products pursuant to a contract.
Verified Answer
NP
Nitish PandeyJun 17, 2024
Final Answer :
A
Explanation :
Risk of loss passes to the buyer, in this case, Outdoor Barbecues Inc., when the seller, Roasters Corporation, delivers the goods to the carrier, Speedy Delivery Company, as per the terms of their contract.
Learning Objectives
- Ascertain the juncture at which the hazard of loss shifts in varied instances involving products pursuant to a contract.