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Mary agrees to sell a used car to Bill for $2000

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Mary agrees to sell a used car to Bill for $2000. After Bill pays, Mary tells him to come over and pick up the car on Monday. However, Bill waits until Wednesday to pick up the car. In the meantime, the car is stolen. Who bears the loss here? Assume that we have neither a shipment contract nor a destination contract, and that Mary has never sold a car before.;1) Mary;2) Bill;3) Neither Mary nor Bill;4) Both Mary and Bill;Select the correct answer from the choices above.;Business Law

 

Paper#34789 | Written in 18-Jul-2015

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