Title Transfer and Risk of Loss in the Sale of Goods
Interactive Video
•
Business, Social Studies
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of the Uniform Commercial Code in the context of the sale of goods?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
In what ways can the parties modify the risk of loss in a sales contract?
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