UCC Terms

Question 1

if no place of delivery agreed upon then…

Answer 1

place of delivery is the seller’s place of business unless goods are somewhere else,then there.

Question 2

place of delivery by a common carrier agreed upon - SHIPMENT CONTRACT (default)

Answer 2

"F.O.B., city SELLER"
1. get it to a common carrier
2. make reasonable arrangement for delivery
3. notify the buyer
COMPLETE DELIVERY

Question 3

place of delivery by a common carrier agreed upon - DESTINATION CONTRACT

Answer 3

“F.O.B., city ANYWHERE ELSE”
1. completion upon goods reaching destination
COMPLETE WHEN IT GETS THERE.

Question 4

Risk of loss

Answer 4

1. after K has been formed but before goods delivered
2. goods damaged or destroyed
3. neither B or S is to blame

Question 5

Risk of Loss Rules

Answer 5

1. agreement allocate risk then it controls
2. Breaching party liable for any uninsured loss even though breach is unrelated
3. Delivery by common carrier other than seller - risk shifts once seller COMPLETES DELIVERY
4. Seller Merchant - doesn’t matter what the buyer is; then it shifts from Se