Risk of loss
id:
risk-of-loss-296-12471785
title:
Risk of loss
text:
Risk of loss is a term used in the law of contracts to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. Such considerations generally come into play after the contract is formed but before buyer receives goods, something bad happens. Under the Uniform Commercial Code (UCC), there are four risk of loss rules, in order of application: Agreement - the agreement of the parties controls
Breach - the
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Risk_of_loss
date created:
date modified:
2022-07-02T00:36:56Z
main entity:
{"identifier":"Q17117422","url":"https://www.wikidata.org/entity/Q17117422"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5e/Contract_Flat_Icon.svg","width":512,"height":512}
fields total:
13
integrity:
14