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It is a standard rule that risk follows ____________________
Seller
buyer
property
Possession
- The standard legal rule is that risk follows property.
- This means, when the ownership (property) of goods is transferred, the risk of loss or damage also shifts.
- Option 1 (Seller): Risk doesn’t always stay with the seller after sale.
- Option 2 (Buyer): Buyer bears risk once they get the property, not automatically otherwise.
- Option 3 (Property): The risk passes when the ownership (property) passes, not necessarily with possession.
- Option 4 (Possession): Risk is not based only on who possesses the goods.
By: Kamal Kashyap ProfileResourcesReport error
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