Perishing of specific goods before risk passes nullifies the agreement where loss occurs without seller or buyer fault. When specific goods covered by an agreement to sell perish or become so damaged before the risk passes to the buyer, and this occurs without fault by ... Summary
Perishing of specific goods before risk passes nullifies the agreement where loss occurs without seller or buyer fault.
When specific goods covered by an agreement to sell perish or become so damaged before the risk passes to the buyer, and this occurs without fault by seller or buyer, the agreement is thereby avoided because the subject-matter no longer corresponds to the contract description.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.