The Uniform Commercial Code requires the original owners of the goods to bear the burden of collecting from their fraudulent buyers.

Name: The Uniform Commercial Code requires the original owners of the goods to bear the burden of collecting from their fraudulent buyers.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) generally places the risk of loss on the seller until the buyer takes possession, but if a buyer is fraudulent, the original owner may need to pursue legal action to recover losses.

The Uniform Commercial Code Requires the Original Owners of the Goods