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27.
(p. 500)
Assume a buyer and seller execute a contract in which the seller is going to deliver a
couch later in the day to the buyer. With a simple delivery contract in which the seller is a
merchant, which party sustains a loss if, through no fault of either party, the couch is destroyed
through fire prior to delivery?
28.
(p. 500)
Assume a buyer and seller execute a contract in which the seller is going to deliver a
couch later in the day to the buyer. With a simple delivery contract in which the seller is not a
merchant, which party sustains a loss if, through no fault of either party, the couch is destroyed
through fire prior to delivery?
29.
(p. 500)
Which of the following occurs when purchased goods are transferred to the buyer from
the seller at either the time of the sale or some time later by the seller's delivery, and the seller
has an agent deliver the goods to the buyer?
30.
(p. 502)
Which of the following is true regarding the status of a common carrier in relation to the
seller?
31.
(p. 502)
Which of the following is true regarding types of common-carrier delivery contracts?
32.
(p. 502)
Which of the following requires that the seller make proper shipping arrangements and
deliver goods to the buyer via a common carrier but not guarantee the safety of goods to their
destination?
33.
(p. 502)
In an origin contract, when does title pass to the buyer?
34.
(p. 495-496)
Which of the following was the result in the case in the book involving Tempur-
Pedic, the manufacturer of mattresses, when Tempur-Pedic sought to stop the sale of
mattresses that Tempur-Pedic has donated to a charity for victims of Hurricane Katrina and
attempted to recover mattresses sold by the charity involved?
35.
(p. 502)
In a destination contract who bears the risk of loss while the goods are in transit?
36.
(p. 502)
What does the term "FOB" when used as a shipping term represent?
37.
(p. 502)
Which of the following is true regarding transportation costs when the designation FOB is
used?
38.
(p. 502)
What does the term "FAS" when used as a shipping term represent?
39.
(p. 502)
Which of the following is true when the designation FAS is used?
40.
(p. 502)
What does the term CIF when used as a shipping term represent?
41.
(p. 502)
Which of the following occurs in a CIF agreement?
42.
(p. 504)
Which of the following references goods that are in some kind of storage so the seller
cannot transfer physical possession of them?
43.
(p. 504)
What do the words "deliver to the order of seller" indicate in a goods-in-bailment
contract?
44.
(p. 504)
Which of the following would the absence of words "to the order of" indicate in a goods-
in-bailment contract?
45.
(p. 505)
With goods in bailment, when is an insurable interest created?
