X Wants to Buy Potatoes in Bulk from Y and Goes

question 22

Multiple Choice

X wants to buy potatoes in bulk from Y and goes to Y's warehouse to inspect the potatoes.At the warehouse, X likes the look of the potatoes and agrees to buy 500 bags of potatoes at $1 per kilogram.In the absence of agreement to the contrary, when will ownership of the potatoes be transferred to X?

• A)When the contract is formed.
• B)When the potatoes are delivered to X.
• C)When Y weighs the bags of potatoes and informs X of the total price.
• D)When X pays for the potatoes.

---

Definitions:

Future Event

An occurrence or situation that is expected to happen at a future date, often considered in planning and forecasting.

Past Event

A situation or occurrence that has already taken place.

Relevant

Pertaining to decision-making, it refers to information or costs that will change as a result of a decision, thereby affecting the outcome.

Total Cost

The sum of all expenses associated with the production or provision of goods and services, including fixed and variable costs.