Asked by
Keona McGee
on Nov 30, 2024
Verified
The UCC "risk of loss" rules assign the loss according to who has ownership of the goods.
UCC
The Uniform Commercial Code is a comprehensive set of laws governing all commercial transactions in the United States.
Risk Of Loss
The legal responsibility for the accidental destruction or deterioration of goods, often determining which party bears the risk during transactions.
Ownership
The state or fact of possessing something, typically property or goods, having legal rights and full control over it.
- Delve into understanding the Uniform Commercial Code’s stance on title passage and the risk of loss.
Verified Answer
YR
Learning Objectives
- Delve into understanding the Uniform Commercial Code’s stance on title passage and the risk of loss.
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