Which of the Following Is Necessitated Once the Passage of Risk

question 28

Multiple Choice

Which of the following is necessitated once the passage of risk has been completed?

• A) The buyer must pay the agreed-upon price for the goods involved.
• B) The seller must pay monetary compensation for nonconforming goods.
• C) The seller must absorb the cost of loss of goods.
• D) The buyer no longer remains responsible for loss or risk of the goods.

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Definitions:

Buyers

Entities or individuals who purchase goods or services for personal use, consumption, or investment.

Producer Surplus

The difference between the amount sellers are willing to accept for a good or service and the actual amount they receive in the market.

Producing

The act of creating, manufacturing, or generating goods and services that can be offered in a market.

Sells

Engages in the act of offering goods or services in exchange for money or other compensation; a rephrased definition of 'Sellers.'