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rvlaw, Lawyer (JD)
Category: Legal
Satisfied Customers: 8386
Experience:  NYC Trial Atty. 30 yrs.- pers. inj., contracts, real estate, criminal, estates, matrimonial.
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There are three important limitations to the general rule ...

Resolved Question:

There are three important limitations to the general rule that, when a buyer or lessee breaches a contract, the risk of loss immediately shifts to the buyer or lessee. What are they?
Submitted: 9 years ago.
Category: Legal
Expert:  rvlaw replied 9 years ago.

Hi again Billy.

1. When the seller/lessor has already breached the contract.

2. When the buyer/lessee has partially performed his obligation(s) under the contract.

3. If it is a destonation contract ; Free on board (buyer's city).



This is information only, NOT legal advice. No attorney-client relationship has been created. Consult an attorney in your state for legal advice regarding your issue.


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