If the parties to a contract do not specify when the risk of loss passes, the risk

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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 rule?

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Business Law Text and Exercises

ISBN: 978-1305509603

8th edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Jul 12, 2019 10:22 AM

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If the parties to a contract do not specify when the risk of loss passes, the risk

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Business Law Text and Exercises

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