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:

Covalent

referring to chemical bonds formed by the sharing of electron pairs between atoms.

Metallic

Having properties characteristic of metals, such as conductivity, malleability, and often a shiny appearance.

Intermolecular

Describes forces or interactions that occur between molecules, influencing the physical properties of substances.

Atom Model

A representation or theory that describes the structure and behavior of atoms, the basic unit of matter. The most widely known example is the Bohr model, with electrons orbiting a nucleus.