When Delivery Is to Be Made Without Moving the Goods

question 56

Multiple Choice

When delivery is to be made without moving the goods, unless otherwise agreed, title passes:

• A) at the time and place of contracting under all circumstances.
• B) when a document of title is created if a negotiable document of title is involved.
• C) when the goods are identified if they were not identified at the time of contracting.
• D) at the time the seller completes performance.

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Definitions:

Pareto Optimal

A situation in which it is impossible to make any individual better off without making at least one individual worse off.

Pure Exchange Economy

An economic model where households or individuals purely exchange goods and services without any production.

Competitive Equilibrium

A state in a market-based economy where supply exactly matches demand, and market prices stabilize.

Fair

Pertaining to actions, policies, or procedures that are just, equitable, and impartial.