Ideal Gadgets, Inc., and Jolly Outlets Corporation enter into a contract for a sale of kitchenware. The contract requires Ideal to deliver the goods to Ladle Carrier Company for transport to Jolly's warehouse in Metro City. Risk of loss passes to Jolly whena. Ideal delivers the goods to Ladle.

b. Ideal identifies the goods to the contract.

c. Ladle transports the goods to Jolly's warehouse.

d. the goods arrive in Metro City.

Question

Business

Sam Hebert

8 December, 16:32

Ideal Gadgets, Inc., and Jolly Outlets Corporation enter into a contract for a sale of kitchenware. The contract requires Ideal to deliver the goods to Ladle Carrier Company for transport to Jolly's warehouse in Metro City. Risk of loss passes to Jolly whena. Ideal delivers the goods to Ladle.

b. Ideal identifies the goods to the contract.

c. Ladle transports the goods to Jolly's warehouse.

d. the goods arrive in Metro City.

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Answers (1)

Know the Answer?

Cooper Knox · Answer 1

A) Ideal delivers the goods to Ladle.

Explanation:

In contract law and UCC, risk of loss basically refers to who bears the risk of losing or damaging the goods after the sales has been completed but before they have been properly delivered to the buyer.

In this case, once Ideal Gadgets delivers the goods to the carrier, it will be responsible for whatever happens to the goods during the delivery process. All carriers must have insurance polices that protect their cargo, and in that case, the risk of loss passes to the insurance company.