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Brown, located in Knoxville, contracted to buy sixty cases of Lovely Brand canned corn from Clark in Toledo at a contract price of $1,250. Pursuant to the contract, Clark selected and set aside sixty cases of Lovely Brand canned corn and tagged them ‘‘For Brown.’’ The contract required Clark to ship the corn to Brown via T Railroad, F.O.B. Toledo. Before Clark delivered the corn to the railroad, the sixty cases were stolen from Clark’s ware- house. a) who is liable for the loss, brown or smith? b) suppose smith had delivered the corn to the railroad in toledo, after the corn was loaded on a freight car but before the train left the yard, the car was broken open and its contents including the corn were stolen, who is liable?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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