Which of the Following Statements Is TRUE as a General

question 10

Multiple Choice

Which of the following statements is TRUE as a general rule?

• A)Under an unconditional contract for the sale of specific goods in a deliverable state, property passes only once the buyer pays the price.
• B)Under a contract that requires the seller to test the goods, property passes as soon as the seller does so and notifies the buyer.
• C)Under a contract that requires the seller to do something to ascertain the price of the goods, property passes as soon as the price is determined.
• D)Under a contract "on sale or return," property passes only if the buyer pays the price.
• E)Under a contract that requires the seller to modify the goods in order to put them into a deliverable state, property passes only when the goods are delivered to the buyer.

---

Definitions:

Unauthorized Signer

An individual who signs a document or agreement without the legal authority or permission to do so.

Ratified

Confirms or approves an action, document, or agreement officially, making it valid and enforceable.

Secondary Indorsers' Liability

Refers to the legal responsibility that falls on endorsers who sign a document or contract after the primary signer, particularly in financial transactions.

Negotiates

The process of discussing something formally to reach an agreement or compromise.