Losses are borne by either the seller, the buyer or both when goods have been damaged, destroyed, or lost without the fault of either the seller or the buyer. If the loss is placed on the buyer, he must pay for the goods even though they were damaged or he never received them. If the loss is placed on the seller, she has no right to recover the purchase price from the buyer, although she does have a right to the return of the damaged goods. Have you ever dealt with a situation that involved risk of loss? If so, describe the situation and how it was resolved. What was the justification for placing the loss where it was placed? Alternatively, come up with your own fictitious scenario where risk of loss laws would come into play. Write a description of the scenario, identifying the parties involved, the details of what happened to the goods and when, and any other information necessary to determine who would bear the risk of the loss. Do not, however, include your conclusion- your classmates will figure it out themselves