When Goods Are to Be Physically Moved by a Third-Party

question 7

True/False

When goods are to be physically moved by a third-party carrier and delivery is made by physically moving the goods, title passes at the time and place at which the seller completes performance.

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Definitions:

Indispensable Paper

A critical document without which a particular process or task cannot be completed or understood.

Chattel Paper

A legal document that specifies an obligation involving movable personal property, often related to leases or loans.

Instruments

Legal documents or tools that facilitate administrative, commercial, financial, or legal processes.

Consumer Goods

Items produced for personal, family, or household use, typically excluding services.