BUSINESS LAW (critical thinking legal question) Proffesional products, inc. (PPI), bought three pallets of computer wafers...

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BUSINESS LAW (critical thinking legal question) Proffesionalproducts, inc. (PPI), bought three pallets of computer wafers fromOmneon Video Graphics. (A computer wafer is a thin, round slice ofsilicon from which microchips are made) Omneon agreed to ship thewafers to the City University of New York “FOB Omneon’s dock”.Shipment was arranged through Haas Industries, Inc. The “conditionsof carriage” on the back of the bill of lading stated that Haas’sliability for lost goods was limited to fifty cents per pound. Whenthe shipment arrived, it included only two pallets. Who suffers theloss? Is it fair for a carrier to limit its liability for lostgoods? Explain

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Risk of loss does not pass with the title under UCC and is generally determined by the contract and the terms in the contract determines who will have the risk of loss and pay the delivery of goods In the case of FOB Free on Board the selling cost includes the transportation cost to the See Answer

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