In an Ordinary Lease,when Does the Risk of Loss Pass

question 109

Multiple Choice

In an ordinary lease,when does the risk of loss pass from the lessor to lessee,if the lessor is a merchant?

• A) when the parties sign the lease contract
• B) when the lessee makes the first lease payment
• C) when the lessor receives the first lease payment
• D) when the lessee receives the goods
• E) when the lessor ships the goods

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Definitions:

Maintain Balance

The process or act of keeping things in a steady state or equilibrium.

Ambulatory Aids

Equipment designed to assist individuals in walking or improving mobility.

Nonslip Walking Surface

A type of flooring designed to prevent slipping and falls, commonly used in work areas, bathrooms, and other places prone to wetness or spills.

Sling

A bandage or device used to support an injured part of the body, especially a broken arm.