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Breach of Contract: Risk of Loss

In general, what is the effect on risk of loss when a party breaches a contract> a. the breaching party will bear the risk of loss for some period of time b. the breaching party will permanently bear the risk of loss c. the breach can speed up shift of the risk of loss to the buyer, or return the risk to the seller c. A and C

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In general, what is the effect on risk of loss when a party breaches a contract

b. the breaching party will permanently bear the risk of loss

Explanation:

Risk of loss is a term used in the law of contracts to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has ...

Solution Summary

Solution clearly expains the Risk of Loss in case of Breach of Contract

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