When a Bailee Is Holding Goods That Are to Be

question 69

True/False

When a bailee is holding goods that are to be delivered under a contract without being moved, risk of loss passes when the bailee acknowledges the buyer's right to the goods.

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Definitions:

Milling Machine

A machine tool used to shape solid materials by removing excess material through rotary cutters.

Existing Capacity

Current maximum level of output or production that a facility can achieve under normal conditions.

Additional Minute

Additional Minute refers to any extra time accounted for or needed beyond what was initially planned or scheduled, often in context to services or operations.

Most Profitable

Describes a scenario, product, or entity generating the highest profit margin or net income compared to others in a comparative set.