Thanos is a rice wholesaler. On 10 November 2020, Thanos sold 500 bags of rice to Tomatoman and agreed to deliver the bags to Tomatoman's premises on 15 November 2020. Tomatoman paid the purchase price for 500 bags on 12 November 2020. On 13 November 2020, Thanos set aside 500 bags of rice for delivery to Tomatoman's premises.However, on 14 November 2020, a fire broke out in Thanos's warehouse. Thanos's entire stock of rice, including the 500 bags set aside for delivery to Tomatoman, was destroyed. Tomatoman seeks your advice on the legal implications of the above matter. Advise Tomatoman on his rights under the Sale of Goods Act 1957.

Please explain it using IRAC method.