Asked by marlena oxendine on May 03, 2024
Verified
If goods are sold and delivered to buyer with an option to return them, the risk is on the buyer until they are returned.
Option To Return
A contractual right allowing one party to return a product, asset, or property to the other party under specified conditions.
Risk
The exposure to danger, harm, or loss, whether physical, financial, or emotional, arising from uncertain or unforeseeable events.
Buyer
An individual or entity that makes a purchase or agrees to purchase goods or services.
- Familiarize yourself with the nuances of title passage and the potential for loss according to the Uniform Commercial Code.
Verified Answer
Learning Objectives
- Familiarize yourself with the nuances of title passage and the potential for loss according to the Uniform Commercial Code.
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