QUESTION 10 If goods are being sold under a negotiable document of title, such a

Question

QUESTION 10 If goods are being sold under a negotiable document of title, such as a bill of lading, risk of loss passes to the buyer when The document is tendered to the buyer The goods are tendered to the buyer The buyer takes possession of the goods The buyer pays for the goods. QUESTION 7 The major distinction between a servant and an independent contractor is: An independent contractor is required to be licensed An independent contractor is required to be bonded and to carry insurance. The employer has the right to tell a servant how to do the job, while an independent contractor has exclusive control over the manner in which the job is done. independent contractors are hired under individual contracts, while servants must be hired under collective bargaining agreements.

Explanation / Answer

10) When buyer takes possession

The risk is transferred to buyer only after goods are received and they take the possession. Before that, the liability is with the supplier

7) The employer has the right to tell a servant how to do the job, while an independent contractor has exclusive control over the manner in which the job is done

The independent contractor is assigned the project and it is their job to complete the work as desired within the time frame. The employer cannot intervene and tell how it needs to be carried out. But in case of servant, employer has full right

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