Asked by
Pedro Lucena
on Nov 30, 2024
Verified
When one party breaches the sales contract, the Code places the risk of loss on that party.
Risk Of Loss
The liability for damage, loss, or destruction of goods assumed by a party in a contract.
Sales Contract
A legal agreement between a buyer and a seller which outlines the terms and conditions of the sale of goods or services.
Breaches
Instances where laws, contracts, or agreements are violated or broken.
- Understand the impact of breaches in sales contracts on risk of loss.
Verified Answer
BP
Learning Objectives
- Understand the impact of breaches in sales contracts on risk of loss.