Chapter $18-$work sel

True$-$False Questions

Identification occurs when goods are shipped by the seller.

Unless the parties agree otherwise, title passes at the time and place that the buyer accepts the goods.

Unless a contract provides otherwise, it is normally assumed to be a shipment contract.

A buyer and a seller cannot both have an insurable interest in the same goods at the same time.

In a sale on approval, the risk of loss passes to the buyer as soon as the buyer takes possession.

A buyer can acquire valid title to stolen goods if the buyer does not know that the goods are stolen.

Under a destination contract, title passes at the time and place of shipment.

If a seller is a merchant, the risk of loss passes when a buyer takes physical possession of the goods.