Asked by Alyssa Misfeldt on Sep 30, 2024
If a buyer and seller of goods fail to specify in their contract when title is to pass,the UCC's "gap filler" provision provides that title will pass when:
A) the goods are sent to the buyer's home.
B) the contract is formed.
C) the seller completes his or her obligation with respect to physical delivery of the goods.
D) the buyer pays the purchase price.
Gap Filler
refers to provisions or measures in a contract that deal with situations where the parties have omitted details.
Physical Delivery
The actual delivery of a tangible asset or commodity from the seller to the buyer, as opposed to a delivery through transfer of ownership documents or digital records.
- Gain an understanding of the core principles involved in the change of title during the sale of items.
Learning Objectives
- Gain an understanding of the core principles involved in the change of title during the sale of items.