In the Case of a Nonshipment Contract, Risk of Loss

question 31

Multiple Choice

In the case of a nonshipment contract, risk of loss passes to the buyer upon actual receipt of goods:

• A) only if the seller is a merchant
• B) only if the seller is a nonmerchant
• C) only if the buyer has already paid for them
• D) in all nonshipment contracts

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Definitions:

Identify Exact Values

The process of determining precise numerical amounts or specific facts.

Tables

Organized structures in documents or databases that display data or information in rows and columns for clarity and comparison.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportions or percentages within a whole dataset.

Largest Percentage

Refers to the highest proportion or fraction of a quantity relative to its total or to other compared portions.