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LSDefine

Simple English definitions for legal terms

attachment of risk

Read a random definition: with strong hand

A quick definition of attachment of risk:

Attachment of Risk: This is the moment when the risk of losing something you bought goes from the person who sold it to you, to you. It's like when you buy a toy from a store and you're responsible for taking care of it and not losing it once you leave the store.

A more thorough explanation:

Definition: Attachment of risk is the moment when the responsibility for any loss or damage to goods purchased transfers from the seller to the buyer. This is defined in the Uniform Commercial Code (UCC) § 2-509.

Example: If a buyer purchases a laptop from a seller and the seller agrees to deliver it to the buyer's address, the attachment of risk occurs when the laptop is delivered to the buyer. If the laptop is damaged during delivery, the buyer is responsible for the loss because the risk has already attached to them.

Another example: A customer orders a new sofa from a furniture store. The store agrees to deliver the sofa to the customer's home. The attachment of risk occurs when the sofa is delivered to the customer's home. If the sofa is damaged during delivery, the customer is responsible for the loss because the risk has already attached to them.

These examples illustrate how the attachment of risk works in a commercial transaction. Once the risk has attached to the buyer, they are responsible for any loss or damage to the goods purchased.

attachment of earnings | attachment of wages

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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