buyer's risk

buyer's risk
In sales, the risk follows the title and if the title to the goods vests in the buyer at the moment of the sale or upon delivery to the carrier, then the risk of loss or damage to the goods during transportation is upon the buyer. 46 Am J1st Sales § 279. See caveat emptor; resale at purchaser's risk.

Ballentine's law dictionary. . 1998.

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  • risk — n 1 a: possibility of loss or injury b: liability for loss or injury if it occurs the risk of loss passes to the buyer when the goods are duly delivered to the carrier Uniform Commercial Code the risk of personal injury and property damage should …   Law dictionary

  • Risk — Typically defined as the standard deviation of the return on total investment. Degree of uncertainty of return on an asset. The New York Times Financial Glossary * * * ▪ I. risk risk 1 [rɪsk] noun 1. [countable, uncountable] the possibility that… …   Financial and business terms

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  • 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 occurred. Such considerations generally come into play after… …   Wikipedia

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  • Risk — takers redirects here. For the Canadian television program, see Risk Takers. For other uses, see Risk (disambiguation). Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable… …   Wikipedia

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