In the case of a nonshipment contract, risk of loss passes to the buyer upon actual receipt of goods:
A) only if the seller is a merchant
B) only if the seller is a nonmerchant
C) only if the buyer has already paid for them
D) in all nonshipment contracts
Correct Answer:
Verified
Q16: A seller's insurable interest in goods always
Q17: Title to goods can be transferred without
Q18: If a buyer purchases goods on approval,
Q19: When a person picks out a custom
Q20: Fungible goods are always homogeneous.
Q22: A sale or return is a completed
Q23: If a contract contains a delivery term
Q24: In a sale or return transaction, until
Q25: Goods that are not yet in existence
Q26: The expense and the risk of return
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