When the risk of loss passes is generally determined by
A)the passage of title to identified goods.
B)the acquisition of an insurable interest in specific goods.
C)the expression of a buyer or lessee's interest in obtaining certain goods.
D)the terms of a contract for a sale or lease of goods.

Question

Quizplus · Accepted Answer

The risk of loss in a transaction involving goods is typically determined by the terms of the contract between the buyer and seller or lessee and lessor. These terms outline when the risk of loss shifts from the seller to the buyer or from the lessor to the lessee, making it a crucial aspect of the contractual agreement.

When the Risk of Loss Passes Is Generally Determined by