Exam 24: Title and Risk of Loss

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When a person picks out a specific necktie and purchases it,the transaction involves identified goods.

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In the case of a nonshipment contract,risk of loss passes to the buyer upon actual receipt of goods:

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Fungible goods are always homogeneous.

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Under a CF contract,the seller must get the goods to a carrier and buy an insurance policy in the buyer's name to cover the goods while in transit.

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A consignment sale is treated as a sale or return under UCC Article 2.

(True/False)
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