Which of the Following Is Most Important in Determining Who

question 31

Multiple Choice

Which of the following is most important in determining who bears the risk of loss in a sale of goods contract?

• A)The shipping terms
• B)The agreement of the parties
• C)One who has title to the goods
• D)One who has possession of the goods

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Definitions:

Binding

An agreement or obligation that cannot be legally avoided or ignored.

APA

Stands for the Administrative Procedure Act, a U.S. federal statute that governs the way administrative agencies of the federal government may propose and establish regulations.

Procedural Requirements

Specific protocols and rules that must be followed in legal and regulatory processes to ensure fairness and compliance.

Legislative Rules

Regulations issued by government agencies, based on the authority derived from statutes, that have the force of law.