Discuss When Title and Risk of Loss Pass to the Buyer

question 4

Essay

Discuss when title and risk of loss pass to the buyer in a goods-in-bailment contract when (a) the seller has a negotiable document of title (b) the seller has a nonnegotiable document of title and (c) the seller has a contract or other instrument showing ownership that is not a negotiable or nonnegotiable document of title.

---

Definitions:

Easements

A legal right to use another's land for a specific limited purpose.

Flexible Plastic Hose

A type of hose made from plastic that is designed to be bendable and adaptable to various uses.

Mortgage Foreclosed

The legal process by which a lender obtains a court order to terminate the borrower's right of redemption of the mortgaged property due to failure to meet contractual obligations.

Electrical Wiring

The system of conductors and other devices used to distribute electricity safely in buildings and machinery.