Multiple Choice
What is the difference between the common law and the UCC regarding who carries the risk of loss?
A) Under the common law the seller always carried the risk of loss, but under the UCC it varies depending on the circumstances.
B) Under the common law whoever held title carried the risk of loss, but under the UCC it varies depending on the circumstances.
C) Under the common law the buyer always carried the risk of loss, but under the UCC it varies depending on the circumstances.
D) Under the common law only a party who fails to insure the goods carries the risk of loss, but under the UCC both parties carry the risk of loss.
E) There is no difference, under both the common law and UCC whoever holds title to the goods, also carries the risk of loss.
Correct Answer:

Verified
Correct Answer:
Verified
Q77: A warehouse receipt is one form of
Q78: The entrustment rule can have harsh results.Why
Q79: Title for goods can pass before they
Q80: Generally,when a sales contract has not been
Q81: It is possible to have an insurable
Q83: On October 1,Jackie enters into an agreement
Q84: A destination contract requires the seller to
Q85: Under a lease contract,if the tender of
Q86: Under Article 2A of the UCC,for which
Q87: If the entrustment rule is satisfied,then the