Asked by
Biana Desai
on Nov 30, 2024Verified
When goods have been damaged without the fault of either the seller or buyer, if the risk of loss is placed on the seller, the seller has no right to recover the purchase price from the buyer and has no right to the return of the damaged goods.
Damaged Goods
Items that are broken, defective, or impaired in such a way that they cannot perform their intended function.
Risk Of Loss
Refers to the accountability for the damage or loss of goods, typically determined by the terms of sale or agreement.
Seller
An individual or entity that offers a product or service for sale to a buyer.
- Comprehend the principles of title passage and the jeopardy of loss as per the Uniform Commercial Code.
- Comprehend the effect that violations of sales agreements have on the likelihood of loss.
Verified Answer
TC
Learning Objectives
- Comprehend the principles of title passage and the jeopardy of loss as per the Uniform Commercial Code.
- Comprehend the effect that violations of sales agreements have on the likelihood of loss.
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