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:

Economic Ideology

A set of beliefs about how a country's economy should be organized and function, influencing economic policies and practices.

Nationalist Ideology

A set of beliefs and values that emphasizes the interests and culture of one's nation, often placing it above other nations.

Political Systems

The principles, laws, and procedures relating to a particular form of government.

Sociocultural

Pertaining to the combination of social and cultural factors that influence the behavior, beliefs, and attitudes of individuals within a society.