Asked by Tonya Trisko on Jul 19, 2024
Verified
Which of the following is true of the Code's rules on title to goods?
A) Buyers may reject the goods and yet keep title to them.
B) Sellers are less important titleholders to the goods in a contract.
C) Parties cannot use a negotiable document of title for professional carriers.
D) Title passes to a buyer only when the seller performs his duties completely.
Title to Goods
refers to the legal right to own, use, or sell a specific item or piece of property.
Negotiable Document
A legal document guaranteeing payment or delivery of assets that can be transferred from one party to another, often used in trade and finance.
- Acquire knowledge on the essential aspects of title transfer when goods are sold.
Verified Answer
YE
Yasemin EroltuJul 20, 2024
Final Answer :
D
Explanation :
The general rule on title recognized by the UCC is that title of the goods passes to the buyer only when the seller has completely performed his duties regarding the goods.
Learning Objectives
- Acquire knowledge on the essential aspects of title transfer when goods are sold.