help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / A company enters into a contract to purchase a certain quantity of goods from another company during thefollowing month

A company enters into a contract to purchase a certain quantity of goods from another company during thefollowing month

Business

A company enters into a contract to purchase a certain quantity of goods from another company during thefollowing month. At this point, would a liability exist? Explain why or why not.

 

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Answer:

although this type of contract can be enforceable, no liability would exist for the purchasing company until the risk of loss had passed from the seller to the buyer.

Unless the contract provides otherwise, the risk of loss does not transfer until the seller tenders or delivers the goods to the buyer.

 

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)