The First Rule Governing Transfer of Title and Risk of Loss

Multiple Choice

The first rule governing transfer of title and risk of loss states that:

A) title transfers to the buyer as soon as the goods are delivered.
B) the buyer has both title and risk of loss as soon as the goods are paid for,regardless of their physical location.
C) the supplier and small business may agree to a shift of the risk of loss at any time during the transaction between them.
D) title transfers to the buyer as soon as the goods are in the hands of the carrier.