Answer:
risk of loss passes to the buyer when any one of the following occurs:
a) the buyer receives a negotiable document of title for the goods
b) The bailee agrees to the buyers right to possess the goods.
c) The buyer receives a nonnegotiable document of title and the buyer has a reasonable time to present the document to the bailee and demand the goods. If the bailee to honor the document, the risk of loss remains with the seller.
Explanation:
I do not think this question is correct but let me explain.
A bailee is someone who temporary possesses but not ownership of a good or property.
When goods are held by a bailee, risk of loss passes to the buyer when any one of the following occurs:
a) The buyer receives a negotiable document of title for the goods.
b) The bailee agrees to the buyers right to possess the goods.
c) The buyer receives a nonnegotiable document of title and the buyer has a reasonable time to present the document to the bailee and demand the goods. If the bailee to honor the document, the risk of loss remains with the seller.
