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With a simple delivery contract in which the seller is not a merchant, which party sustains a loss if, through no fault of either party, the goods are destroyed through fire prior to delivery?
Cousins Subs Systems, Inc.
A submarine sandwich chain founded in Milwaukee, Wisconsin, known for its handcrafted, deli-fresh subs.
Oral Statements
Spoken words that can convey promises, intentions, or information, which may or may not be legally binding depending on the context.
Joint Stock Company
A business entity where ownership is shared through the issuance of shares, allowing for the capital to be collectively raised by shareholders.
Corporation
A legal entity that is separate and distinct from its owners, which can own property, incur debt, sue and be sued.
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