when a bailee is holding goods that are to be delivered under a contract without being moved, risk of loss passes when the bailee acknowledges the buyer’s right to the goods.

Respuesta :

When a Bailee is holding goods that are to be delivered under a contract without being moved, risk of loss passes when the Bailee acknowledges the buyer’s right to the goods. The buyer has the choice to return the good or the product or undo the sale in a sale or return.

When are the goods held by a Bailee?

A Bailee is an individual who can temporarily gain possessions of a good or property, but doesn't have the ownership of the same.

Bailee is also called as custodian, and is trusted with the property and the good of another individual called as Bailor.

When the goods are under a Bailee, the risk of loss arising out of the sales and return cannot pass on to the buyer.

The court can determine the price at the time of delivery, if the parties responsible for the sales of goods doesn't agree on a price.

To learn more about Bailee and Bailor, refer

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