16. Wal-Mart, located in Los Angeles, contracts to buy a cer…
16. Wal-Mart, located in Los Angeles, contracts to buy a certain quantity of sandals, at a certain price, from Shoes Incorporated, which is located in New York. Shoes delivers the sweaters to Tony’s Trucking Service and arranges a reasonable contract for their delivery to Wal-Mart. Shoes receives a bill of lading from Tony’s Trucking, which it immediately mails off to Wal-Mart along with other details of the shipment. While en route, Tony’s truck is sideswiped and falls off a cliff. Fortunately, no one is hurt, but all of the cargo is destroyed. Which party bears the risk of loss?
Read Details