tyrion
Can Jam '08 Lead Organizer
- Joined
- Dec 25, 2003
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I believe UCC 2-504 and 2-509 would apply and once the seller gives the goods to the carrier, the risk of loss passes to the buyer. As I said earlier, I have not done extensive research on the matter but these 2 provisions seem to apply.
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It's really very simple, if I made this transaction with Thaddy, and he paid me, didn't ask for insurance to protect his goods, then I have my money and he is SOL. That is not to say that I wouldn't try to work something out because the transaction was on headfi, but I would feel no legal reason to do so.
Originally Posted by acs236 As between the buyer and seller that didn't make any specific arrangements, and assuming two non-merchants, I think the UCC section I cited above would apply, making the seller responsibile until the buyer receives the item. |
I believe UCC 2-504 and 2-509 would apply and once the seller gives the goods to the carrier, the risk of loss passes to the buyer. As I said earlier, I have not done extensive research on the matter but these 2 provisions seem to apply.
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Originally Posted by Xanadu777 This rings a bell, actually more like a gong... Unless the seller states to the buyer that seller won't be held responsible for lost or damaged goods before the sale, the seller remains the responsible party. If the buyer waives their rights by agreeing to those terms (says no insurance neccesary for example), then responsibility transfers to the buyer. Besides the UCC, I believe the FTC comes into play also, if the item was advertised on the net. |
It's really very simple, if I made this transaction with Thaddy, and he paid me, didn't ask for insurance to protect his goods, then I have my money and he is SOL. That is not to say that I wouldn't try to work something out because the transaction was on headfi, but I would feel no legal reason to do so.