If a Lessor Is a Merchant Who Is Holding the Goods

question 72

True/False

If a lessor is a merchant who is holding the goods for the buyer to pick up, the risk of loss passes to a lessee when the lessee takes physical possession of the goods.

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Definitions:

Decomposed

The process by which organic substances are broken down into simpler organic or inorganic matter, primarily by the actions of microorganisms.

Scientific Theory

A well-substantiated explanation of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experiment.

Testable Prediction

A hypothesis or a statement that can be verified or refuted through experimentation or observation.

Oxygen Required

A condition where organisms need oxygen to survive, typically referring to aerobic organisms that use oxygen for respiration.