Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 20 17. In most situations involving sales or leases, rights and liabilities are generally not determine d by who has title to the goods

image text in transcribed
Chapter 20 17. In most situations involving sales or leases, rights and liabilities are generally not determine d by who has title to the goods a. True b. False 18. Identification is one of the concepts involved in determining the rights and liabilities of parti es to a sales contract. a. True b. False 19. Title can pass to the buyer from the seller before the goods are identified to the contract. a. True b. False 20. Identification is the express designation of the goods provided for in a contract. a. True b. False 21. Risk of loss cannot pass from seller to buyer unless the goods are identified to the contract. a. True b. False 22. The parties can agree in their contract when identification will take place. a. True b. False 23. If the contract calls for the sale or lease of specific goods that are already in existence, identi fication takes place when the goods are shipped. a. True

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Impact Investing Instruments Mechanisms And Actors

Authors: Wolfgang Spiess-Knafl Barbara Scheck

1st Edition

3319665553,3319665561

More Books

Students also viewed these Finance questions

Question

10. What was the most difficult aspect of your past job?

Answered: 1 week ago