Business Law II "Risk of Loss"

Law
Tutor: None Selected Time limit: 1 Day

Johnny sells his car to Tammy for $700. Johnny works as a construction worker. Johnny notifies Tammy that he has the goods at the buyer’s disposition, and that Tammy is free to pick them up at any time. While Tammy is on her way, the car is stolen with no fault at Johnny. Who bears the risk of loss? Assume the contract is silent on who bears the risk of loss.

Jun 30th, 2015

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Tammy bears the risk of loss.

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Jun 30th, 2015

Can you please clarify why Tammy bears the risk of loss?

Jun 30th, 2015

because they have already agreed and the car no longer belongs to Johnny after the sale.

Jun 30th, 2015

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