Anthony buys a couch from Basaba Interiors and arranges to pick it up from the store once he borrows a truck from a friend. Anthony pays for the couch and leaves the store. That night, the store burns down. According to the UCC, who is responsible for the cost of the couch?
A) Anthony
B) Basaba Interiors
C) The court will need to determine who is at fault to determine responsibility
D) The employees of Basaba Interiors

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), once the title of the goods has passed to the buyer, the buyer assumes the risk of loss or damage. Since Anthony had paid for the couch, the title likely passed to him, making him responsible for the cost despite the subsequent loss.

Anthony Buys a Couch from Basaba Interiors and Arranges to Pick