Kubasek Dynamic Business Law Chapter 22
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| Common-Carrier Delivery contract | show 🗑
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| Conditional sales contracts | show 🗑
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| show | The transfer of goods to a merchant who ordinarily deals in that type of goods. if the merchant subsquently sells them to a good-faith third party purchaser, the buyer acquires good title to the goods.
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| show | Is Title that is acquired from someone who already owns the goods free and clear.
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| goods in Bailment | show 🗑
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| show | The Passing of title from a seller to a buyer for a price.
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| Sale on Approval contract | show 🗑
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| show | the insurable interest is created in the buyer once the goods are identified in the contract. title and risk of loss depend on whether the goods are in bailment, delivered by common carrier, or delivered by the seller.
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| show | formed when buyer & seller execute agreement & buyer leaves with oods. Title transfers to the buyer when the contract is executed. Risk of loss trasfers to the buyer when the buyer takes possession. Insurable interest 4 buyer starts when title passes.
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| Tender of Delivery | show 🗑
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| Void title | show 🗑
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| Voidable Title | show 🗑
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| show | The most obvious way to attain good title is to acquire it from someone who has good title.
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| show | if an owner entrusts the possession of goods to a merchant who deals in goods of that kind, the merchant can transfer all rights in the foods to a buyer in the ordinary course of business
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| show | Ownership
Encumbrance
Loss
insurable interest.
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| show | refers to transfer of title
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| Encumbrance | show 🗑
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| Loss | show 🗑
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| show | refers to the right to insure goods against any risk exposure.
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| show | title transfers to the buyer at the time and place of shipment. The Buyer bears the risk of loss while the goods are in transit.
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| show | seller bears the risk of loss until the seller deliers the goods to the destination stipulated in the sales contract.
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| show | failing to deliver goods, the buyer may either accept the nonconforming goods as is or reject the gods subject to the seller's suring the deficiencies in the goods. Risk of loss remains with the seller until the buyer accepts the good or error corrected.
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| Buyer in Breach | show 🗑
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| FOB(Free on Board) | show 🗑
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| show | The seller, at the seller's expense, delivers the goods alongside the ship before the risk passes to the buyer
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| show | the seller puts the goods in possession of a carier before the risk passes to the buyer. Contracts are usually shipment contrats rather than destination contracts.
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| Delivery ex-ship (delivery from the carrying vessels) | show 🗑
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