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Koko purchases a ski boat from Marina Boating Supply for $24,000 cash. Koko has not yet completed the arrangements for her slip in the
Koko purchases a ski boat from Marina Boating Supply for $24,000 cash. Koko has not yet completed the arrangements for her slip in the local harbor where she will dock the boat, so Koko arranges with Marina to keep the boat at Marina's facility until Koko can make arrangements. Koko promises Marina that she will pick up the boat within two weeks. One week later, a hurricane destroys the boat. The risk of loss of the ski boat falls on: Marina Boating Supply. Marina Boating Supply and Koko equally. Koko. neither Marina Boating Supply nor Koko. Thomas Leisure Cruises, located in Seattle, purchases seventeen pontoons from Harbor Boat Company, located in San Francisco, for $25,000 each, FOB San Francisco. Harbor Boat Company places the pontoons on a train in San Francisco for shipment to Seattle. While traveling to Seattle, the train is involved in an accident with a school bus, and the pontoons are destroyed. Who bears the risk of loss? Thomas Leisure Cruises. Neither Thomas Leisure Cruises nor Harbor Boat Company. Harbor Boat Company. Thomas Leisure Cruises and Harbor Boat Company will equally share the risk of loss.
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