Supply Chain Management and Title to Personal Property
In This Chapter
• What is supply chain management?
• Challenges with title and risk of loss
• How to identify goods
• How title passes between the buyer and seller
• Special circumstances with supply chain management
Now that you understand the basics of contracts and sales, the next step is to grapple with supply chain management, title, and the risk of loss. Supply chain management addresses the flow of goods from the seller to the buyer. The allocation of interest and risk of loss concerns arise when the property covered by a contract is damaged or destroyed during transition. In those situations who bears the risk of the damaged or destroyed property? Title issues arise when someone ...