Multiple Choice
Assume a buyer and seller execute a contract in which the seller is going to deliver a couch later in the day to the buyer.With a simple delivery contract in which the seller is a merchant,which party sustains a loss if,through no fault of either party,the couch is destroyed through fire prior to delivery?
A) Loss is proportioned 25% to the buyer and 75% to the seller
B) Loss is proportioned 75% to the buyer and 25% to the seller
C) Loss is proportioned 50% to the buyer and 50% to the seller
D) The seller
E) The buyer
Correct Answer:

Verified
Correct Answer:
Verified
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