The rights of a transferee of a negotiable bill of lading are ...

[ARLKQ]

The rights of a transferee of a negotiable bill of lading are defeated if the goods have been stopped in transit.
  Indicate whether the statement is true or false

Question 2

Twin Properties, Inc is purchasing a oneacre parcel of industrial land from Zeezrom Development. Zeezrom will be financing part of the purchase and has placed a clause in the contract requiring Twin Properties to provide proof of financial solvency and stability. Two days before closing, Zeezrom discovers that Twin Properties is part of a Chapter 11 Bankruptcy Reorganization Proceeding. Must Zeezrom go through with the sale?

[scrocafella]

Answer to Question 1

FALSE

Answer to Question 2

No. The proof of solvency is a condition precedent to performance. Clearly, Twin does not meet the requirement.

[ARLKQ]

Excellent

[amandalm]

Thanks for the timely response, appreciate it