Multiple Choice
A seller contracted to sell lumber to the buyer.The contract was a shipment contract and the goods were to be shipped by common carrier.The lumber was destroyed by fire before the common carrier delivered the lumber to the buyer.Which of the following statements best describes this situation?
A) The risk of loss passed to the buyer when the contract was made.
B) The risk of loss passed to the buyer when the goods were delivered to the common carrier.
C) The risk of loss has not yet passed to the buyer and remains on the seller until the goods are delivered.
D) The risk of loss remains on the seller until a document of title is delivered to the buyer.
Correct Answer:
Verified
Correct Answer:
Verified
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