Asked by Lucinda Donaldson on Jun 11, 2024
Verified
With a(n) ________, title transfers to the buyer on the goods being identified to the contract.
A) simple delivery contract
B) title transfer contract
C) buyer in possession contract
D) identifiable goods contract
E) major delivery contract
Title Transfer Contract
A legal agreement that outlines the conditions under which the ownership of property is transferred from one party to another.
Identifiable Goods Contract
A contract involving goods that are specifically identified at the time the contract is made, central to transactions under the Uniform Commercial Code (UCC).
- Recognize the differences between assorted sales agreements under the Uniform Commercial Code.
Verified Answer
KN
Kendra NewmanJun 16, 2024
Final Answer :
A
Explanation :
In a simple delivery contract, title to the goods transfers from the seller to the buyer at the time the goods are identified to the contract, which means when the specific goods are designated as the subject matter of the sales contract.
Learning Objectives
- Recognize the differences between assorted sales agreements under the Uniform Commercial Code.