Explain how bulk transfers concern creditors and how the Uniform Commercial Code attempts to regulate such transfers.

C H A P T E R 23-Transfer of Title and Risk of Loss

• Explain the relative importance of title under the common law and Article 2.

• Explain when the seller has a right or power to transfer title and when the transfer is void or voidable.

• Distinguish between a shipment contract and a destination contract and explain when title and risk of loss pass under each.

• Identify and explain the rules covering (1) risk of loss in the absence of a breach and (2) risk of loss when there is a breach.

• Explain how bulk transfers concern creditors and how the Uniform Commercial Code attempts to regulate such transfers.