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What is the UCC approach to the risk of loss of goods during transportation?
On Jun 17, 2024
The UCC provides specific rules governing risk of loss that are designed to provide certainty and to place the risk on the party best able to protect against loss and most likely to be insured against it.Risk of loss under the Code depends on the terms of the parties' agreement,on the moment the loss occurs,and on whether one of the parties was in breach of contract when the loss occurred.