What Does "The Risk of Loss" Mean

question 116

Multiple Choice

What does "the risk of loss" mean?

• A) It is the risk that a party may not pay for goods delivered.
• B) It is the risk that a contract may be unprofitable for a business.
• C) It is the risk that goods delivered may be nonconforming or have material defects.
• D) It is the risk that goods in transit may be lost or destroyed.
• E) It is the risk that a third-party may interfere with the performance of a contract for the delivery of goods.

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Definitions:

Cultural Resource Management

A branch of archaeology concerned with survey and/or excavation of archaeological and historical remains that might be threatened by construction or development; also involved with policy surrounding protection of cultural resources.

Cultural

Cultural pertains to the ideas, customs, and social behavior of a particular people or society, encompassing language, art, beliefs, norms, and rituals.

Perspectives

Particular attitudes or ways of viewing something based on one's experiences and beliefs.

Harvesting

The act of gathering mature crops from the fields, marking the culmination of the growing season and the beginning of post-harvest processing.