Practice question
Goods are delivered to the buyer, with seller retaining title solely to secure the unpaid price. They later perish fortuitously and the 1504(1) conditions apply. Buyer relies only on retained security title to put risk on seller. Which is correct?
- The stated exception places risk on buyer from delivery.
- Any security title necessarily preserves seller risk forever.
- The buyer automatically owes no possible duty.
- Only the label invoice controls.
- All security arrangements are legally impossible.
Legal references
- Civil Code Articles1306,1475,1482,1490-1492,1504,1522-1523 and1589-1590: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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