Which of the Following Is Correct with Regard to Risk

question 21

Multiple Choice

Which of the following is correct with regard to risk of loss, where the goods are in the possession of a bailee and are covered by a negotiable document of title?

• A) Risk of loss passes when the buyer receives the document.
• B) Risk of loss passes when the document is tendered to the buyer.
• C) Risk of loss passes when notification of the arrival of the goods is given to the buyer.
• D) If the buyer is a merchant, risk of loss passes to the buyer when the goods are delivered.

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Definitions:

Sequential Game

A type of game theory model where players make decisions one after another rather than simultaneously.

Monopolized

A market condition where a single entity controls the entire supply of a product or service, eliminating competition.

Simultaneous Game

A strategic situation where all players make their decisions at the same time without knowledge of the others' choices.

Equilibrium

A state in a market or economy where supply and demand are balanced, leading to stable prices and quantities.