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Contract Buyer Bears Risk Loss B Phrase Accurately

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98. Which phrase most accurately completes the statement - If at the time the contract of sale is perfected, the thing which is the object of the contract has been entirely lost:
a) the buyer bears the risk of loss.
b) the contract shall be without any effect.
c) the seller bears the risk of loss.
d) the buyer may withdraw from the contract.

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SUGGESTED ANSWER:
b)

Tags: 2012, bar

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