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 document of title for the goods; b) The bailee the buyer's right to the goods; c) The buyer receives a document of title, and the buyer has had 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.
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Home » Business » 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 document of title for the goods; b) The bailee the buyer's right to the goods;