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Ivan and Smith-Napa entered into which of the following contracts?
A) A common-carrier delivery contract
B) A trucking contract
C) A goods-in-bailment contract
D) A conditional sales contract
E) A conditional delivery contract
Common Carrier
A business or service that offers to transport goods or people for anyone willing to pay, under a regulatory or legal obligation to do so without discrimination.
Delivery Contract
A legal agreement specifying the terms of delivery for goods or services from a seller to a buyer.
Goods-In-Bailment
A legal term referring to the temporary transfer of possession of personal property by one party to another, with the intent that the property will be returned.
- Distinguish between different types of contracts and their implications on risk of loss and delivery obligations.
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Learning Objectives
- Distinguish between different types of contracts and their implications on risk of loss and delivery obligations.
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