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CPA QUESTION On Monday, Wolfe paid Aston Co., a furniture retailer, $500 for a table. On Thursday, Aston notified Wolfe that the table was ready
CPA QUESTIONOn Monday, Wolfe paid Aston Co., a furniture retailer, $500 for a table. On Thursday, Aston notified Wolfe that the table was ready to be picked up. On Saturday, while Aston was still in possession of the table, it was destroyed in a fire. Who bears the loss of the table?
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- Wolfe because Wolfe had title to the table at the time of loss
- Aston unless Wolfe is a merchant
- Wolfe unless Aston breached the contract
- Aston because Wolfe had not yet taken possession of the table
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