Asked by
Denis Zukic
on Dec 20, 2024
Verified
When goods are to be physically moved by a third-party carrier and delivery is made by physically moving the goods, title passes at the time and place at which the seller completes performance.
Third-Party Carrier
An independent entity that provides transportation services to transport goods between a buyer and a seller.
Title Passes
The point at which ownership of property is transferred from one party to another, typically upon the fulfillment of specified conditions.
Seller Completes Performance
The point at which a seller has fulfilled their contractual obligations in a transaction, typically resulting in the transfer of goods or services to the buyer.
- Absorb the intricacies of how the Uniform Commercial Code handles title passage and the risk of loss.
Verified Answer
NL
Learning Objectives
- Absorb the intricacies of how the Uniform Commercial Code handles title passage and the risk of loss.