Exam 17: Title to Goods and Risk of Loss

A destination contract is enforceable only if the place of delivery is the buyer's place of business.

A title for goods obtained by a seller through fraud,impersonation,or a dishonored check is referred to as a(n)________.

Tendon Car Parts sells car spare parts through an e-commerce website.The spare parts are stored at Pickins Warehouse,from where it is delivered to customers.Linda bought an item from Tendon through the e-commerce website.In this scenario,who is considered the bailee of the goods?

In a shipment contract,when is the title to the goods considered to have passed to the buyer?

When goods are under the possession of a bailee,the risk of loss passes to the buyer when ________.

________ refers to an arrangement in which a seller delivers goods to a buyer to sell on his or her behalf.

The entrustment rule applicable to sales contract is not applicable to leases.

A person with voidable title to goods can transfer good title to a good faith purchaser for value.

A holder of goods who is not a seller or a buyer is referred to as a ________.

Typically,goods that are sent via carrier are considered to be sent in pursuant to a shipment or a destination contract.

A(n)________ involves the seller entrusting possession of goods to a buyer on a trial basis.

If a buyer has the right to reject nonconforming goods,the risk of loss remains on the seller.

A(n)________ refers to an actual piece of paper,such as a warehouse receipt or bill of lading,which is required in some transactions of pickup and delivery of sold goods.

Goods sold pursuant to a sale or return contract are subject to the claims of the buyer's creditors while the goods are in the seller's possession.

Acceptance to the goods under a sale on approval can occur if the buyer ________.

What kinds of goods are termed as future goods?

Unless otherwise indicated,sales contracts are presumed to be shipment contracts rather than destination contracts.

Article 2 of the Uniform Commercial Code (UCC)adopts concise rules for risk of loss that are tied to title to the goods.

Common law placed the risk of loss to goods on the party who held title to the goods.

Discuss the provisions under the Uniform Commercial Code (UCC)that mandates the passage of the risk of loss when a buyer is to pick up the goods at a specified location.