If Delivery of Goods Becomes Impossible,a Party Who Has Issued

question 9

True/False

If delivery of goods becomes impossible,a party who has issued a draft or note under the contract must still pay it.

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Definitions:

Record a Deed

The process of registering the transfer of title for property from one party to another, making it part of the public record.

Title to Pass

A legal term referring to the transfer of ownership of goods or property from one party to another.

Grantee

A person or entity to whom property rights or interests are transferred by a grantor.

Deed of Trust

A document used in real estate that secures a loan by transferring the legal title of a property to a trustee until the loan is paid off.