Grace Purchases Three Tons of Fine Merino Wool on Behalf

question 24

Multiple Choice

Grace purchases three tons of fine merino wool on behalf of Woolen Creations.Woolen Creations wants the wool to remain in the warehouse where it is being stored until it is needed.Grace makes an offer for the wool on Monday.The offer is accepted on Tuesday.The warehouser gives Woolen Creations a warehouse receipt on Wednesday.Woolen Creations picks up the wool from the warehouse three months after the sale.Title for the wool passed to Woolen creations

• A)on Monday.
• B)on Tuesday.
• C)on Wednesday.
• D)three months after the sale.

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Definitions:

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