If the Goods That Are the Subject of a Sale

question 54

Multiple Choice

If the goods that are the subject of a sale are in the possession of a bailee and are to be delivered without being moved, when does the risk of loss pass to the buyer?

• A) When the bailee is orally notified of the sale.
• B) At such time as the buyer receives the negotiable document of title.
• C) At such time as the contract of sale was entered.
• D) When the seller tenders a nonnegotiable document of title to the bailee.

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Definitions:

Need-Satisfaction

A marketing approach focused on identifying and fulfilling the specific needs and desires of customers.

Problem Identification

The process of recognizing and defining an issue or challenge to be solved.

Consultative Selling

A sales approach focusing on building relationships and understanding customer needs to offer tailored solutions.

Adaptive Selling

A sales technique that involves customizing the sales approach based on the unique needs, behaviors, and reactions of each customer.