With a Simple Delivery Contract in Which the Seller Is

question 102

Multiple Choice

With a simple delivery contract in which the seller is not a merchant,which party sustains the loss if,through no fault of either party,the goods are destroyed through fire prior to delivery to the buyer?

• A)The seller,if tender of delivery has occurred
• B)The buyer,if tender of delivery has occurred
• C)Both the buyer and seller,with the loss being apportioned 50% to the buyer and 50% to the seller
• D)Both the buyer and seller,with the loss being apportioned 75% to the buyer and 25% to the seller
• E)Both the buyer and seller,with the loss being apportioned 25% to the buyer and 75% to the seller

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Definitions:

Employers

Individuals or entities that hire and pay people to perform specific jobs or services.

Employees

Individuals officially hired by an organization to perform specified duties and tasks in exchange for compensation.

Corporate Philanthropy

The act of a corporation donating some of its profits or resources to charitable causes as part of its CSR (corporate social responsibility) initiative.

Corporate Taxes

Taxes imposed on the income or profit of corporations by the government.