Larry,a Merchant Seller,had Contracted with Simon,to Buy Welding Equipment

question 70

Multiple Choice

Larry,a merchant seller,had contracted with Simon,to buy welding equipment.The contract stipulated that Larry would pick up the equipment from Simon's warehouse on the 14th day from the date of the contract.Larry could not make the pick up on that date and before he could do so on the 15th day,the warehouse was burned down by miscreants.In this situation,who bears the risk of loss of the goods that were to be received by Larry?

• A) The risk of loss lies with Larry for delaying the pickup.
• B) The risk of loss lies with Simon for not protecting the goods.
• C) The risk of loss is equally shared by Larry and Simon.
• D) The risk of loss is shifted to the persons responsible for the fire.

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Definitions:

Radio Frequencies

Electromagnetic waves typically ranging from 3 kHz to 300 GHz, used in various technologies including radio, television, and mobile phones.

Reticular Activating System

A network of neurons located in the brainstem that plays a crucial role in controlling arousal and the transition between sleep and wakefulness.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Brain Stem

The part of the brain that connects the spinal cord with the forebrain and cerebrum, controlling many basic life functions such as breathing and heart rate.