Which of the following statements applies to a sale on approval under the UCC Sales Article? a.
Question:
Which of the following statements applies to a sale on approval under the UCC Sales Article?
a. Both the buyer and seller must be merchants.
b. The buyer must be purchasing the goods for resale.
c. Risk of loss for the goods passes to the buyer when the goods are accepted after the trial period.
d. Title to the goods passes to the buyer on delivery of the goods to the buyer.
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Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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