Which of the following statements applies to a sale on approval under the UCC Sales Article? Both
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Question:
under the UCC Sales Article?
Both the buyer and seller must be merchants.
The buyer must be purchasing the goods for resale.
Risk of loss for the goods passes to the buyer when the
goods are accepted after the trial period.
Title to the goods passes to the buyer on delivery of the
goods to the buyer.
Related Book For
Business Law and the Legal Environment
ISBN: 978-1111530600
6th Edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson
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