If the parties to a contract do not expressly agree when the risk passes and the goods

Question:

If the parties to a contract do not expressly agree when the risk passes and the goods are to be delivered without movement by the seller, when does risk pass?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Today The Essentials Text and Summarized Cases

ISBN: 978-1305574793

11th edition

Authors: Roger LeRoy Miller

See More Books

Question Posted: Nov 27, 2017 06:28 AM

See More Questions

Risk of loss does not necessarily pass with title. If the parties to a contract do not expressly agree when risk passes and the goods are to be delivered without movement by the seller, when does...
If the parties to a contract do not specify when the risk of loss passes, the risk generally rests with the party who has possession of the goods or the right to their possession. Why is this the...
The plaintiff, a U.S. citizen, entered into an employment contract with the German firm of Stumm Handel, the defendant. The contract was written entirely in German. Without being able to speak or...
A beam of light enters the end of an optic fiber as shown in Fig. 23-52. Show that we can guarantee total internal reflection at the side surface of the material (at point a), if the index of...
An electric air heater consists of a horizontal array of thin metal strips that are each 10 mm long in the direction of an airstream that is in parallel flow over the top of the strips. Each strip is...
Students are offered three cooperative training programs at local companies and four training programs outside the state. Count the number of possible training opportunities if an opportunity...
Consider the random experiment of rolling a pair of six-sided dice. Suppose that we are interested in the sum of the face values showing on the dice. a. How many outcomes are possible? b. List the...
A firms long-run total cost function is C = 360 + 40Q + 10Q2. a. What is the shape of the long-run average cost curve? b. Find the output that minimizes average cost. c. The firm faces the fixed...
When a 295 g piece of iron at 190C is placed in a 95 g aluminum calorimeter cup containing 250 g of a liquid at 10C, the final temperature is observed to be 38C. Determine the specific heat of the...
Six months ago you purchased a bond with 14 years remaining until maturity, a coupon rate of 5.00% and a yeild of maturity of 4.00% at the time of purchase. This morning you received a coupon, and...
If a contract involves both goods and services, does the UCC apply?
Suppose that Blasini had made no payments under the contract for the sale of the Attic's assets. How should that circumstance affect the disbursement of the insurance proceeds?
An inward flow radial turbine (see Fig. P5.89) involves a nozzle angle, $\alpha_{1}$, of $60^{\circ}$ and an inlet rotor tip speed, $U_{1}$, of $6 \mathrm{~m} / \mathrm{s}$. The ratio of...
YouGotThis LLC enters into a lease agreement on July 1, 2025, for equipment. YouGotThis LLC is the lessee. The following data are relevant to the lease agreement: 1. 2. 3. 4. The term of the...
What does each of these three groups (elected and appointed officials, managers and supervisors, and HR directors and specialists) contribute to public personnel management?
An investor has just taken a short position in a six-month forward contract on a dividend-paying stock. The stock price is 132.00, and the risk-free rate of interest is 3 | Page 6% per annum with...
Make sure to include your null and alternative hypothesis, your test statistic, your p-value, decision, and conclusion in the context in your response: A baseball team claims that30%of their fans...
A company's outstanding stock consists of the following: 23,000 shares of cumulative 10% preferred stock with a $10 par value. 153,000 shares of common stock with a $2 par value. During its first...
On April 18, 20Y7, Bontanica Company, a garden retailer, purchased $9,800 of seed, terms 2/10, n/30, from Whitetail Seed Co. Even though the discount period had expired, Shelby Davey subtracted the...
Big Jim Company sponsored a picnic for employees and purchased a propane grill equipped with a standard-sized propane tank for the picnic. To make sure there was enough propane for all the cooking...
To determine the enforceability of a covenant not to compete, the courts balance the rights of an employer against those of a former employee. What are these rights? How did S & Cs covenant not to...
Should an employer be permitted to restrict a former employee from engaging in a competing business on a global level? Why or why not?
If the customer agreement had precluded only class litigation and mandated class arbitration, would the court have considered the provision unconscionable? Why or why not?
Provide the codification references to support your answers Scope Questions 1. Which entities are subject to the Interim Reporting guidance within the Codification? 2. Does the Foreign Currency...
Why should a company establish an internal control structure? (2 marks) Evaluate the advantages and disadvantages of Perpetual Inventory System against Periodical Inventory System respectively. (2...
The Green Chef is an exclusive restaurant in your city. Reservations are difficult to secure and the menu is expensive. The owner, Chef Jorge, is rumored to be running an illegal gambling operation...

If the parties to a contract do not expressly agree when the risk passes and the goods

Question:

Step by Step Answer:

If the seller holds the goods and is a merchant the risk of ...View the full answer

Business Law Today The Essentials Text and Summarized Cases

Students also viewed these Business Law questions