With a simple delivery contract in which the seller is a merchant,which party sustains the loss if,through no fault of either party,the goods are destroyed through fire prior to delivery to the buyer?
A)The seller
B)The buyer
C)Both the buyer and seller,with the loss being apportioned 50% to the buyer and 50% to the seller
D)Both the buyer and seller,with the loss being apportioned 75% to the buyer and 25% to the seller
E)Both the buyer and seller,with the loss being apportioned 25% to the buyer and 75% to the seller

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code,with a simple delivery contract involving a merchant seller,the risk of loss remains with the seller until the goods are actually delivered to the buyer.

With a Simple Delivery Contract in Which the Seller Is