Which of the Following Best Describes the Significance of Risk

question 4

Multiple Choice

Which of the following best describes the significance of risk of loss in a carrier case?

• A) It determines who will bear the loss for any problems that arise under the contract.
• B) It determines with certainty which party will pay if the goods are lost or damaged in transit.
• C) It determines whether the buyer or seller will pay if the goods are lost or damaged in transit,and other possible sources of recovery,such as insurance,do not cover the loss.
• D) It determines the terms of payment under the contract.