When the Seller Provides the Buyer with a Document Enabling

question 33

Multiple Choice

When the seller provides the buyer with a document enabling them to pick up goods held at an independent warehouse,the risk of loss passes to the buyer when the:

• A) goods are picked up by the buyer.
• B) contract of sale is signed.
• C) buyer receives the document entitling it to pick up the goods.
• D) buyer pays for the goods.

---

Definitions:

Statement of Purpose

A written document outlining an individual's intentions and objectives in a specific context, often used in academic and professional settings to explain motivations and goals.

Corporate Bylaws

Internal rules governing the operation of a corporation, detailing the rights and responsibilities of the directors, officers, and shareholders.

Articles of Incorporation

A set of formal documents filed with a government body to legally document the creation of a corporation.

Organizational Meeting

The initial meeting held by the founders or directors of an organization, corporation, or other entity to establish its structure and operations.