Asked by
Tracy Hower
on Nov 30, 2024Verified
Darren ordered 1,200 sq. ft. of sea foam green carpet from DalCar Company. In error, DalCar Company shipped 1,200 sq. ft. of sea side blue carpet. In this case, the risk of loss remains with the seller until the seller remedies the defect or until Darren accepts the sea side blue carpet.
Risk Of Loss
A legal term describing the responsibility for the loss or damage of goods, typically shifting from seller to buyer at a predetermined point in the transaction process.
Remedies
Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.
Defect
A flaw or imperfection in a product or system that causes it to be unsafe, ineffective, or fails to meet specified criteria.
- Acknowledge the consequences of breaches within sales contracts regarding the risk of loss.
Verified Answer
JR
Learning Objectives
- Acknowledge the consequences of breaches within sales contracts regarding the risk of loss.