Question 1 

In a destination contract the risk of loss passes from the seller to the buyer when the seller tenders the goods to the buyer at the destination point. 

TRUE

FALSE

 

Question 2 

Steve was discharged by impossibility when the doors were destroyed by lightning during transportation to Bill.

TRUE 

FALSE

 

Question 3 

The term "Free on Board (FOB)" can denote a shipment or destination contract depending on the stated location in the term. 

TRUE

FALSE

 

Question 4

UCC Section 5-509 states that when the goods are neither shipped by a carrier nor held by a bailee, the risk of loss passes to the buyer on his receipt of the goods if the seller is a merchant. 

TRUE

FALSE

 

    • 10 years ago
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