"Unless Otherwise Explicitly Agreed," Title Passes to the Buyer at the Time

question 50

True/False

"Unless otherwise explicitly agreed," title passes to the buyer at the time and place at which the seller physically delivers the goods.

Understand specific contract termination methods, including mutual rescission and novation.

Recognize the role of external elements, such as a third-party appraiser's evaluation or lender's financing, in fulfilling contractual conditions.

Discern the significance of personal satisfaction in performance criteria and how it affects contractual obligations.

Know the impact of legal limitations, like statutes of limitations, on contractual duties and rights.

---

Definitions:

Falls Asleep

Refers to the transition from wakefulness into sleep, a natural part of the human circadian rhythm.

Whines

Complaining sounds or expressions, often high-pitched and indicative of discomfort, unhappiness, or discontent.

Spontaneous Recovery

The process in classical conditioning by which a conditioned response can recur after a time delay, without further conditioning.

Emotional Amnesia

A condition in which an individual is unable to recall emotional memories, often due to psychological trauma.