Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your department secretary has called a local office supply company and ordered 1 0 0 reams of copy paper. The agreement is that the paper

Your department secretary has called a local office supply company and ordered 100 reams of copy paper. The agreement is that the paper will be delivered to the department office and a check for payment will be given on delivery. On the way to make the delivery, the truck is in a crash, and the paper is destroyed in a fire resulting from the accident. Which of the following statements is true?
Group of answer choices
This is a shipment contract, and the office supply company bears risk of loss.
This is a destination contract, and since the goods were never properly tendered, the office supply company bears the risk of loss.
This is a destination contract, and because delivery had been initiated, the school bears the risk of loss.
This is a shipment contract, and your school bears risk of loss because the paper had been set aside and tendered.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stage Management

Authors: Lawrence Stern

8th Edition

0205449735, 978-0205449736

More Books

Students also viewed these General Management questions

Question

Cite the characteristics of satisfying intimate relationships.

Answered: 1 week ago