Fred Has 100 Tons of Stone in a Warehouse

question 115

Multiple Choice

Fred has 100 tons of stone in a warehouse.Barney agrees to purchase the stone from Fred.The contract states that Barney will pick-up the stone directly from the warehouse.Fred delivers a warehouse receipt to Barney for the stone.Before Barney is able to pick-up the stone,a tornado sweeps through and destroys the stone.Who has the risk of loss?

• A) Fred has the risk of loss because Barney did not pick-up the stone yet.
• B) The warehouse has the risk of loss because Barney did not pick-up the stone yet.
• C) Barney has the risk loss because the risk of loss was transferred when he received the warehouse receipt.
• D) Fred, the warehouse and Barney are equally responsible for the risk of loss.
• E) Fred and the warehouse are equally responsible for the risk of loss.

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Definitions:

Positive Attitude

Refers to a mental state involving optimistic and constructive thinking, focusing on the good aspects of a situation.

Older-adult Patient

A term referring to patients who are typically aged 65 years and older, often requiring specialized healthcare due to the complexities of aging.

Reminisce

The act or practice of recalling and sharing memories from the past, often used therapeutically in elder care to improve mood and cognitive function.

Communication Technique

Methods or strategies used to convey information, ideas, or feelings effectively between individuals or groups.