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In sale in case of loss of goods, the loss will fall on the _____________
offeror
buyer
seller
surety
- In case of a sale of goods, the risk of loss typically depends on when the ownership passes from seller to buyer.
- Once ownership is transferred, the buyer bears the risk, even if the goods haven't yet been delivered.
- Option 1: Offeror – Usually not relevant in sale of goods; refers to contract offeror.
- Option 2: Buyer – Correct Answer. After ownership passes, buyer bears loss.
- Option 3: Seller – Only bears the loss if ownership has not yet passed.
- Option 4: Surety – Not related here; surety is a guarantor, not the party to bear loss in sale of goods.
By: Kamal Kashyap ProfileResourcesReport error
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