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Francenie was digging a trench to install a drainage pipe along her property line and she accidentally tunneled under a small area on her neighbor's property. The entry onto the neighbor's property:
Risk of Loss
The responsibility for damage or destruction to goods, typically determining who bears the cost when property is damaged during a transaction or transportation.
Total Loss
A situation in which property is so extensively damaged that repair is not reasonable and it's considered a complete write-off.
Document of Title
Legal documentation evidencing a person's right to the control or ownership of goods, typically used in the context of shipping or storage.
Risk of Loss
The potential that an investment's value may decrease, or that one may incur losses from a business transaction.
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