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loss doctrine

Who Is Responsible For Loss In Sale Of Goods?

January 24, 2024 by Ahmed Ali

Who Is Responsible For Loss In Sale Of Goods? In a shipment contract for a sale of goods, the buyer is responsible for any damages to the goods while the merchandise is in transit from the seller to the buyer. This means that the buyer cannot demand that the seller reimburse the buyer for the

Categories Finance and Business Tags damages, liability, loss doctrine, loss risk, sales laws

When Goods Are Held By A Bailee Risk Of Loss Cannot Pass To A Buyer?

January 24, 2024 by Ahmed Ali

When Goods Are Held By A Bailee Risk Of Loss Cannot Pass To A Buyer? When goods are held by a bailee, risk of loss cannot pass to a buyer. If the parties to a contract for a sale of goods have not agreed on a price, a court will determine a reasonable price at

Categories Finance and Business Tags liabilities, loss, loss clause, loss doctrine, loss shifts

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