The Corey Corporation entered into a contract to sell machine parts to G& H Wholesalers. Corey shipped

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The Corey Corporation entered into a contract to sell machine parts to G& H Wholesalers. Corey shipped machine parts different from those specified in the contract, and G& H rejected them. Corey made no mention of the nonconformity, nor did Corey make any attempt to resend conforming goods. One day after G& H informed Corey that the parts were rejected, they were destroyed by fire in G& H’s warehouse. Corey attempted to recover that cost of the machine parts in spite of the fire loss, claiming that the risk of loss rested with G& h. Is the Corey Corporation correct?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Business Law Principles and Practices

ISBN: 978-1133586562

9th edition

Authors: Arnold J. Goldman, William D. Sigismond

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