If a Contract Is for the Sale of Specific Goods

question 4

Multiple Choice

If a contract is for the sale of specific goods that are not yet ready for delivery to the buyer:

• A)Ownership passes to the buyer at the time the contract is formed.
• B)Ownership passes to the buyer when the seller has done whatever needs to be done to put the goods into a deliverable state and the buyer has been notified accordingly.
• C)There is no valid contract.
• D)Ownership is transferred to the buyer when payment has been made for the goods.

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Definitions:

Investment Losses

Financial losses that occur when the value of an investment decreases compared to its purchase price.

Hindsight Bias

The inclination to assume that one could have predicted an outcome after it has happened, commonly known as the "I-knew-it-all-along" effect.

Sexual Desire

The emotional and physiological response that leads to the interest in or craving for sexual activities or sexual objects.

Sexual Appetite

An individual's desire or drive for sexual activity and expression, which can vary greatly among people.