Jack and Reba Purchased Some Furniture on a Conditional Sale

question 41

Multiple Choice

Jack and Reba purchased some furniture on a conditional sale contract. This couple carries no insurance on their household goods. The furniture is stolen one Sunday afternoon. Who will most likely take the loss?

• A) The thieves, since this is a liability claim and they are to blame.
• B) The merchant, since they still hold title and have insurance covering their insurable interests.
• C) The bailee, since this is a bailment for value on the sale of goods.
• D) This couple, because the conditional sale contract gives them strict liability.
• E) The state, since this is a criminal case.

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Definitions:

Straight As

The achievement of receiving the highest possible grade, typically an 'A', in every course or subject.

High Goal

An ambitious objective or aim that is often challenging to achieve but highly rewarding.

INAH3

The third interstitial nucleus of the anterior hypothalamus, involved in sexual behavior and linked to sexual orientation in some research.

Anterior Hypothalamus

A region of the hypothalamus involved in regulating temperature, sleep, and aggression.