Title Transfer and Risk of Loss in the Sale of Goods

The video tutorial discusses the sale of goods, focusing on the transfer of title and risk of loss. It explains how these concepts are governed by state law and the Uniform Commercial Code (UCC). The tutorial highlights the role of contract law in determining when title and risk of loss transfer between parties. Various scenarios for title transfer are explored, such as delivery to a carrier or physical delivery to the purchaser. The video also explains how contracts can modify the risk of loss, allowing parties to specify different terms for when risk transfers.

What is the relationship between title transfer and risk of loss in the sale of goods?

• Risk of loss transfers with the title.

• Risk of loss and title transfer are unrelated.

• Risk of loss transfers after the title.

• Risk of loss transfers before the title.

Which of the following is NOT a scenario for title transfer in a contract?

• When the contract is signed, regardless of shipment.

• When the goods are manufactured.

• When the goods are physically delivered to the purchaser.

• Upon delivery to a carrier for shipment.

What is a common requirement for contract terms regarding the sale of goods?

• They must be agreed upon verbally.

• They must be written in a specific format.

• They must not violate law or public policy.

• They must be approved by a court.

How can parties modify the risk of loss in a contract?

• By ignoring the risk of loss altogether.

• By ensuring the risk of loss is always with the buyer.

• By transferring the risk of loss to a third party.

• By stating that the risk of loss remains with the seller until delivery.

In what situation might the risk of loss remain with the seller even after the title has transferred?

• If the goods are delivered to the buyer's home.

• If the buyer requests a delay in delivery.

• If the goods are delivered to a common carrier.

• If the contract specifies the seller retains risk until delivery.