Question: Consider the following: Tom owns an automotive parts store for specialty vehicles in New York, New York. Pete, who lives in Newark, Delaware, owns

Consider the following: Tom owns an automotive parts store for specialty vehicles

Consider the following: Tom owns an automotive parts store for specialty vehicles in New York, New York. Pete, who lives in Newark, Delaware, owns a specialty vehicle and is in the market to buy a muffler. Pete calls Tom and tells Tom that he has 1969 Cadillac Eldorado and is looking for a silver muffler for this vehicle. Tom recommends a $600 muffler and even offers to install it for an additional $50. Pete declines Tom's offer to install but is interested in the muffler. Tom and Pete write up a contract for the sale of the muffler to be delivered by May 1, 2015, to Pete's address in Newark, Delaware. Due Wednesday by 11:59 pm (EST): make an argument in favor of Tom bearing the risk of loss. Due Friday by 11:59 pm (EST): respond to a classmate and make an argument that Pete bears the risk of loss.

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