What Was the Court's Ruling in City of Richmond V

question 19

Multiple Choice

What was the court's ruling in City of Richmond v.Petroleum Marketers,Inc. ,the case in the text in which the court considered where the sale of petroleum occurred-where the contracts for the purchase of the oil were executed or where the goods were,in fact,delivered?

• A)Title to the petroleum passed when the product was pumped into whatever facility the buyer provided.
• B)Title to the petroleum passed when the product was pumped out of the seller's holding tank and into the seller's rented tanks.
• C)Title did not pass when the product was pumped out of the seller's holding tank.
• D)Goods were identified to the contract when the product was pumped out of the seller's holding tank and into the seller's rented tanks.
• E)Title did not pass when the product arrived at the buyer's facility.

---

Definitions:

Multiple Products

Refers to an array of different items or goods that a business manufactures or sells.

Lot Sizes

The quantity of items that are processed, produced, or purchased at one time.

Cycle Inventory

Inventory that is held or maintained in the supply chain to facilitate the regular, ongoing production and distribution of goods.

Flow Time

The total time it takes for a product to move through a production process, from start to finish.