Harold's Department Store Sells Carl a Stove

question 12

Multiple Choice

Harold's department store sells Carl a stove. When does the risk of loss transfer to Carl in a simple delivery contract?

• A) When Carl pays for the stove.
• B) When Carl uses his credit card.
• C) When Carl takes possession of the stove.
• D) One day after goods are identified to the contract
• E) When Harold's gives Carl a receipt of payment.

---

Definitions:

Merit Pay

A compensation approach where employees' pay increases are based on their performance metrics.

Compensation

Represents the payment or remuneration provided to employees for their work or services.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Constructive Purpose

Engaging in activities or behaviors with the intention to bring about positive outcomes, improvements, or benefits for oneself or others.