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Answer each of the following questions in five sentences. Type and label your answers. Use the IRAC format. 1) Marshall Clothing (Seller) entered a shipment

Answer each of the following questions in five sentences. Type and label your answers. Use the IRAC format.

1) Marshall Clothing (Seller) entered a shipment contract with Chase Department Stores (Buyer) to send them 3,000 black robes via Mercury Shipping Co. The robes were irreparably damaged in Mercury's warehouse by moths. Who (the seller or the buyer) bears the risk of loss and why?

2) Grocer orders 50 gallons of whole milk from Dairy to be delivered December 23. On December 20 he receives 60 gallons of skim milk. He rejects the order but does not inform Dairy of his rejection. On January 2, Dairy demands full payment.Does the Grocer have an obligation to pay? Why or why not?

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