Exam 22: Title,risk of Loss,and Insurable Interest

In an origin contract,when does title pass to the buyer?

Most buyer breaches occur when a buyer changes his or her mind about the price of the goods.

When purchased goods are transferred to the buyer from the seller,at either the time of the sale or some time later by the seller's delivery,and the seller has an agent deliver the goods to the buyer,which of the following occurs?

Identification of when the risk of loss attaches is important in regards to the right of indemnification.

What is the term for the kind of title Hiro had?

In a conditional sales contract,a contract is a ________ when the seller and buyer agree that the buyer may return the goods at a later time.

[Used Car Problems] Jamila purchased a used car from Slick Sid's car dealership.Six months later the police seized the car from Jamila on the basis that it was a stolen vehicle.Jamila asked for her money back from Slick Sid's.The manager of Slick Sid's told her that the car was not stolen,but that even if it were,Slick Sid's acted in good faith with no knowledge of a theft;and that,therefore,Jamila,as a good-faith purchaser,had a good title.Slick Sid's had also sold a used car to Hiro who wrote a bad check for the car and left town,but not before selling the car to Doris.Doris purchased the car with no knowledge of any problem with the check.Slick Sid's asked Doris to return the car,but she refused.She explained that she had given the car to her son,Ricky. -If Jamila's car was stolen prior to delivery to Slick Sid's,and no one at the car dealership knew,what kind of title did Slick Sid's have?

In a goods-in-bailment contract,what does "deliver to the order of seller" indicate?

When goods are delivered to a buyer via a common carrier,such as a trucking line,it is known as ________.

What happens when a buyer with a voidable title sells the goods to a third-party purchaser who makes a good-faith purchase for value?

Ramona's rights to the car are best summarized by which of the following statements?

[Accidental Sale] Julio entrusted his automobile to Slick Sid's for repair.The manager of Slick Sid's,who did a very poor job with inventory,accidentally sold the car to Ramona.Ramona,who paid cash for the car,had no idea that the car did not belong to Slick Sid's and paid fair market value for it.When Julio went to pick up the car,he was very upset that it was gone.The manager of Slick Sid's told him that he was very sorry,but that his only recourse would be against Ramona. -What is the proper identifying term for Ramona?

Tasha buys a bicycle from Kelvin.Jeremy steals the bicycle from Tasha,and then sells it to Bronson.Bronson gives the bicycle to his nephew,Cedric as a gift.Who has the good title to the bicycle?

Which of the following is the correct outcome of the case discussed in the Case Opener,about whether title had passed to the entity that received shipment,although shipment was made to the wrong party,thereby preventing a lawsuit by the assignee of the original owner against the shipping company?

Which statement is correct regarding CIF agreements?

What type of contract does Cleo have with Kool Klothes?

When deciding whether someone with a void title can pass a good title,good faith is a generally relevant consideration.

With a simple delivery contract,when does title transfer to the buyer?

What was the court's ruling in City of Richmond v.Petroleum Marketers,Inc. ,the case in the text in which the court considered where the sale of petroleum occurred-where the contracts for the purchase of the oil were executed or where the goods were,in fact,delivered?

Discuss the most common ways sales contracts are breached.What remedies are available to a buyer when a seller fails to provide the goods described in the contract? What are the UCC provisions regarding the consequences of a revocation of the contract?