Under a lease contract,if the tender of delivery of goods does not conform to the lease contract,when does the risk of loss pass to the lessee?
A) The risk of loss will pass to the lessee when the goods are shipped.
B) The risk of loss will pass to the lessee at the time the lease contract is signed.
C) The risk of loss will not pass until the tender of delivery is corrected to conform to the lease contract.
D) The risk of loss will not pass until the lease contract is ratified.
E) The risk of loss never passes to a lessee under a lease contract.

Question

Quizplus · Accepted Answer

The risk of loss does not pass to the lessee until the tender of delivery is corrected to conform to the lease contract. This means that if the goods delivered do not meet the specifications of the lease contract, the risk of loss remains with the lessor until the issues are corrected. Once the goods are accepted in conformity with the lease contract, the risk of loss shifts to the lessee.

Under a Lease Contract,if the Tender of Delivery of Goods