"X" Jewelers sold a necklace to 'Y' on a layaway plan. 'Y' paid a portion of the price and agreed to make additional payments over six months. The necklace was to remain in the possession of'X'until payment was fully made.

A burglary occurred at'X'and the necklace along with other items were stolen.'X'argued that 'Y' must bear the risk of loss. 'Y' sought recovery of the full value of the necklace. Explain who shall prevail for each claim?