When Does Risk of Loss Transfer to the Buyer in a Simple

question 62

Multiple Choice

When does risk of loss transfer to the buyer in a simple delivery contract?

• A)When goods are identified to the contract
• B)When the buyer takes possession
• C)When the items are tendered
• D)When money is transferred
• E)One day after goods are identified to the contract

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Definitions:

Normalization

A process to ensure data is organized most efficiently in a database.

Data Centralization

When data is maintained in only one file.

Relational Algebra

The use of English-like expressions that have variables and operations, much like algebraic equations, to extract data from databases using Structured Query Language.

Boolean Algebra

A branch of algebra that deals with true or false values, typically used in computer logic and circuit design.