Practice question
Where goods are delivered and seller retains ownership merely as security for buyer performance, what 1504 exception applies?
- Seller risk forever solely because security title remains.
- Buyer risk from the stated delivery.
- No one bears any risk.
- Only a carrier’s private preference controls.
- The goods automatically cease to exist legally.
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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