6+ 1. Under the Sales Article of the UCC, when a sontract for the sale of goods stipulates that the seller ship the goods by common carrier, "FOB purchaser's loading dock," which of the parties bears the risk of loss during shipment? A. The purchaser, because risk of loss passes when the goods are delivered to the carrier. B. The purchaser, because title to the goods passes at the time of shipment. C. The seller, because risk of loss passes only when the goods reach the purchaser's loading dock. D. The seller, because risk of loss remains with the seller until the goods are accepted by the purchaser. On May 2, Lace Corp., an appliance wholesaler, offered to sell appliances worth $3,000 to Parco, Inc., a household appliances retailer. The offer was signed by Lace's president and provided that it would not be withdrawn before June 1. It also included the shipping terms: "FOB -- Parco's warehouse." Parco accepted Lace's offer. If Lace inadvertently ships the wrong appliances to Parco and Parco rejects them 2 days after receipt, title to the goods will A. Pass to Parco when they are identified to the contract. B. Pass to Parco when they are shipped. C. Remain with Parco until the goods are returned to Lace. D. Revest to Lace when they are rejected by Parco. Under the Sales Article of the UCC, the remedies available to a seller when a buyer breaches a contract for the sale of goods may include The Right to Resell Goods Identified to the Contract The Right to Stop a Carrier from Delivering the Goods Yes No Yes Yes 6+ 1. Under the Sales Article of the UCC, when a sontract for the sale of goods stipulates that the seller ship the goods by common carrier, "FOB purchaser's loading dock," which of the parties bears the risk of loss during shipment? A. The purchaser, because risk of loss passes when the goods are delivered to the carrier. B. The purchaser, because title to the goods passes at the time of shipment. C. The seller, because risk of loss passes only when the goods reach the purchaser's loading dock. D. The seller, because risk of loss remains with the seller until the goods are accepted by the purchaser. On May 2, Lace Corp., an appliance wholesaler, offered to sell appliances worth $3,000 to Parco, Inc., a household appliances retailer. The offer was signed by Lace's president and provided that it would not be withdrawn before June 1. It also included the shipping terms: "FOB -- Parco's warehouse." Parco accepted Lace's offer. If Lace inadvertently ships the wrong appliances to Parco and Parco rejects them 2 days after receipt, title to the goods will A. Pass to Parco when they are identified to the contract. B. Pass to Parco when they are shipped. C. Remain with Parco until the goods are returned to Lace. D. Revest to Lace when they are rejected by Parco. Under the Sales Article of the UCC, the remedies available to a seller when a buyer breaches a contract for the sale of goods may include The Right to Resell Goods Identified to the Contract The Right to Stop a Carrier from Delivering the Goods Yes No Yes Yes