Which of the Following Is Correct with Regard to Risk

question 19

Multiple Choice

Which of the following is correct with regard to risk of loss, where the goods are in the possession of a bailee and are covered by a negotiable document of title?

• A) Risk of loss passes when the buyer receives the document.
• B) Risk of loss passes when the document is tendered to the buyer.
• C) Risk of loss passes when notification of the arrival of the goods is given to the buyer.
• D) If the buyer is a merchant, risk of loss passes to the buyer when the goods are delivered.

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Definitions:

Splitting

The process of dividing a task, batch, or workload into smaller, more manageable parts to improve efficiency, speed up processing, or better allocate resources.

Priority Rules

Rules used to determine the sequence of jobs in process-oriented facilities.

Process Time

The duration it takes to complete a specific activity or series of tasks in a workflow or production process.

Due Date

The date by which a task, obligation, or project is supposed to be completed.