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My-Tee Purchasing Corporation Orders from National Sales, Inc

Question 68

Multiple Choice

My-Tee Purchasing Corporation orders from National Sales, Inc., goods that are stored in a Outstate Properties, Inc., warehouse. My-Tee pays for the goods, delivery is via the transfer of a negotiable warehouse receipt, and My-Tee moves the goods out of the warehouse. The risk of loss passes to My-Tee when it


A) orders the goods.
B) pays for the goods.
C) receives the negotiable warehouse receipt.
D) moves the goods out of the warehouse.

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