Explain who has the risk of loss

Assignment Help Business Management

Reference no: EM131388109

Regan received a letter from Chase, the material portion of which stated, ‘‘Chase hereby places an order with you for fifty cases of Red Top Tomatoes. Ship them C.O.D.''

As soon as he received the letter, Regan shipped the tomatoes to Chase. While en route, the railroad car carrying the tomatoes was wrecked. When Chase refused to pay for the tomatoes, Regan started an action to recover the purchase price.

Chase defended on the ground that because the shipment was C.O.D., neither title to the tomatoes nor risk of loss passed until their delivery to Chase. Who has title? Who has the risk of loss? Explain.

Reference no: EM131388109

Questions Cloud

Explain who bears the risk of loss : Within thirty days after installation, all the purchased machinery, except for a double utility unit, was destroyed by fire through no fault of Clark's. The Adair Company sued Clark to recover the value of the articles destroyed. Explain who bears..

What do economists call this problem the fan is experiencing : A baseball fan with a Mike Trout baseball card wants to trade it for a Miguel Cabrera card, but everyone the fan knows who has a Cabrera card doesn't want a card. What do economists call this problem the fan is experiencing?

Significance in understanding forecasting risk : Explain the significance in understanding forecasting risk. Please respond minimum 200-300 words

Taxation government spending wages costs of inflation : Assume that a country has a growing budget deficit, carries a very large debt, is in a period of high unemployment with interest rates almost at zero, and annual inflation and GDP growth of about 2%. Demand and supply of money Interest rates The Phil..

Explain who has the risk of loss : Chase defended on the ground that because the shipment was C.O.D., neither title to the tomatoes nor risk of loss passed until their delivery to Chase. Who has title? Who has the risk of loss? Explain.

Discuss about the post given below : The organization for this discussion is a for-profit career college. The mission statement involves preparing learners for a professional/technical career. This is a degree granting institution with diploma, associate and bachelor degrees. They of..

What do economists call this problem fan is experiencing : A baseball fan with a Mike Trout baseball card wants to trade it for a Miguel Cabrera card, but everyone the fan knows who has a Cabrera card doesn't want a card. What do economists call this problem the fan is experiencing?

What future value will have accumulated : Now, at , you invest a lump sum of $10,000 in a broker account expecting to earn 6.0% annual interest, leaving it to annually compound for the next 10 years. What future value will have accumulated in 10 years from now ( at )?

Analyze the literature and write scholarly review of sources : Write a 5- to 8-page literature review related to your research question or thesis statement. Analyze the literature and write a scholarly review of the 5-8 sources as they pertain to your question/statement.

User Account

All Pages