Question: Hi , i need help understanding this question : When goods are held by a bailee, risk of loss passes to the buyer when any
Hi , i need help understanding this question :
When goods are held by a bailee, risk of loss passes to the buyer when any one of the following occurs: a) The buyer receives a
- NEGOTIABLE
- VALID
-MEMORANDUM
document of title for the goods; b) The bailee
-ACKNOWLEDGES, INVALIDATED, ASSIGNS
Select
the buyer's right to
Select
-POSSESS, OR REJECTS
the goods; c) The buyer receives a
Select
-NEGOTIABLE
-VALID
-MEMORANDUM
-NON NEGOTIABLE
document of title, and the buyer has had
Select
-6 MONTHS
-90 DAYS
-A RESONABLE TIME
to present the document to the bailee and demand the goods. If the bailee
Select
REFUSES OR AGRESS'S
to honor the document, the risk of loss remains with the seller.
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