Question
Millard Corp. agreed to purchase 100 radios from Rao Suppliers, Inc. Rao is a wholesaler of small home appliances and Millard is an appliance retailer.
Millard Corp. agreed to purchase 100 radios from Rao Suppliers, Inc. Rao is a wholesaler of small home appliances and Millard is an appliance retailer. The contract required Rao to ship the radios to Millard by common carrier, FOB Rao Suppliers, Inc. Loading Dock.
If the radios are lost during shipment, who is responsible?
Group of answer choices
Millard, because title to the radios passes to Millard at the time of shipment
Rao, because it is a shipment contract.
Rao, because the risk of loss passes only when Millard receives the radios.
Millard, because the risk of loss passes when the radios are delivered to the carrier.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started