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Explain risk of loss - contract law

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Explain Risk of Loss - Contract Law

Bob agrees to buy 100 widgets from Sam. The contract provides that payment and pick up of the widgets shall be Tuesday. After repeated phone calls, Bob still has not picked up or paid for the widgets on Friday. The widgets are in a box with Bob's name on it. Sam has no insurance. His front office (with Bob's package burns to the ground). Who has the risk of loss?

Reference no: EM1339335

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