Which of the following is true of a shipment contract?
A) The carrier is liable for the goods while they are in transit from the seller to the buyer.
B) The title and risk of loss pass to the buyer when the goods are delivered to the carrier.
C) The seller has an insurable interest in the goods until they are delivered to the buyer.
D) The title and risk of loss pass to the buyer when the payment is made by the buyer.
Correct Answer:
Verified
Q2: A sale on approval is a completed
Q3: The right of ownership of property or
Q4: When goods are sold at an auction
Q5: What is the essential element in determining
Q6: Which of the following is true of
Q7: Who bears the risk of loss of
Q8: Which of the following best describes
Q9: A buyer has a property interest in
Q10: Generally, people can sell only such interest
Q11: Documents that show ownership are called documents
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