Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz

Exercise 4

on Approval. Chi Moy, a student, contracts to buy a high, definition television from Ted's Electronics. Under the terms of the contract, Moy is to try out the TV for thirty days, and if he likes it, he is to pay for the TV at the end of the thirty-day period. If he does not want to purchase the TV after thirty days, he can return it to Ted's Electronics with no obligation. Ten days after Moy takes the TV home, it is stolen from his apartment, although he was not negligent in his care of the TV in any way. Ted's Electronics claims that Moy must pay for the stolen TV. Moy argues that the risk of loss falls on Ted's Electronics. Which party will prevail?