Risk of loss cannot pass from seller to buyer unless the goods are identified to the contract. True or False?
Understand the Problem
The question is asking whether the risk of loss can transfer from the seller to the buyer only if the goods have been identified to the contract. It is testing knowledge of contract law related to the transfer of risk.
Answer
True
The statement is True. According to the Uniform Commercial Code (UCC), the risk of loss does not pass from the seller to the buyer until the goods are identified to the contract.
Answer for screen readers
The statement is True. According to the Uniform Commercial Code (UCC), the risk of loss does not pass from the seller to the buyer until the goods are identified to the contract.
More Information
Identification of goods means that the goods must be specifically designated for the contract before risk passes to the buyer. This is a critical step to ensure both parties understand which goods are involved in the transaction.
Sources
- The web page with info on - Example Source - brainly.com
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