Which One of the Following Statements Is False with Respect

question 109

Multiple Choice

Which one of the following statements is false with respect to who bears the risk of loss in a sale-of-goods contract?

• A) The risk of loss may depend on who holds title.
• B) The parties can contradict the provisions of the Sale of Goods Act on this question.
• C) When unascertained or future goods are involved, the risk transfers once a reasonable time has passed.
• D) The risk of specific goods may pass upon formation of the contract.
• E) Where repairs have to be done before delivery, the risk passes when the repairs are made and notice given.

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Definitions:

Action Identification Theory

A psychological theory that examines how individuals understand and conceptualize their actions, ranging from low-level details to high-level purposes.

Possible Losses

Potential negative outcomes or detriments that could occur as a result of a decision or action.

Possible Gains

Refers to the potential benefits or positive outcomes that might be achieved in a certain situation.

Tradeoffs

The balancing act of giving up one thing to gain another, often used in discussions about decision-making processes.