Asked by sin lung leung on May 07, 2024
Verified
Parties to a contract cannot change the UCC's rules regarding when title passes and when risk of loss passes.
UCC
United States commercial ventures are directed by the broad legal standards set within the Uniform Commercial Code.
- Grasp the rules surrounding the change of title and risk of loss under the UCC.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
False
Explanation :
Parties to a contract can agree to modify the default rules set by the Uniform Commercial Code (UCC) regarding when title passes and when risk of loss passes, as long as their agreement does not violate any specific prohibitions in the UCC or other applicable laws.
Learning Objectives
- Grasp the rules surrounding the change of title and risk of loss under the UCC.
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