Question: Explain briefly the three concepts that have replaced the concept of title. When do title and risk of loss shift under an FOB seller contract?

Explain briefly the three concepts that have replaced the concept of title. When do title and risk of loss shift under an FOB seller contract? An FOB buyer contract?

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Before the Uniform Commercial Code UCC was enacted the concept of title x the right to ownership of goods x determined where responsibility for mercha... View full answer

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Explain briefly the three concepts that have replaced the concept of title. When do title and risk of loss shift under an F.O.B. seller contract and under an F.O.B. buyer contract?

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