A Contract Between Kwik Import Company in Los Angeles and Macro

question 12

Essay

A contract between Kwik Import Company in Los Angeles and Macro Retail Corporation in New York does not expressly state which party bears the risk of loss but says only that Kwik is "to ship goods at the seller's expense." At what point does the risk of loss of the goods pass from the seller to the buyer?

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Definitions:

Fine Imposed

A monetary penalty levied by an authority on a person or organization as punishment for a violation or wrongdoing.

Cockatoos

A group of parrot species known for their distinctive crests and variety of colors, native to Australia, Indonesia, and the surrounding areas.

Smuggled

Smuggled goods are items that are illegally transported across borders without authorization or without paying required tariffs and taxes.

Transit

The act or process of moving people or goods from one place to another, often referring to public transportation systems.