Author Question: Bond purchased a painting from Wool, who is not in the business of selling art. Wool tendered ... (Read 125 times)

bb · **on:** Jun 24, 2018

Bond purchased a painting from Wool, who is not in the business of selling art. Wool tendered delivery of the painting after receiving payment in full from Bond. Bond informed Wool that Bond would be unable to take possession of the painting until later that day. Thieves stole the painting before Bond returned. The risk of loss:
a. Passed to Bond at Wool's tender of delivery.
b. Passed to Bond at the time the contract was formed and payment was made.
c. Remained with Wool, because the parties agreed on a later time of delivery.
d. Remained with Wool, because Bond had not yet received the painting.

Question 2

Air pollution permits are needed only for projects that cost more than 100 million.
a. True
b. False
Indicate whether the statement is true or false