In June, Ramos entered into a contract to buy a motorcycle from Wheel Sports Cen

Question

In June, Ramos entered into a contract to buy a motorcycle from Wheel Sports Center. He paid the purchase price of $893 and was given the papers necessary to register the cycle and get insurance on it. Ramos registered the cycle but had not attached the license plates to it. He left on vacation and told the salesman for Wheel Sports Center that he would pick up the cycle on his return. While Ramos was on vacation, there was an electric power blackout in New York City and the cycle was stolen by looters. Ramos then sued Big Wheel Sports Center to get back his $893. Did Big Wheel Sports Center have the risk of loss of the motorcycle?

Explanation / Answer

Since motorcycle was registered and insured Big wheel sports can claim under theft insurance.Only in above case it is a case of theft and insurance can be claimed

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