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Wheel Sports Center entered into a sales contract agreeing to deliver a motorcycle to Ramos for the price of $893. Ramos paid the full price for the motorcycle and immediately had it insured and registered in his name. However, before it was delivered to Ramos, the motorcycle was stolen from Wheel Sports Center. Who must suffer the loss, Wheel Sports Center or Ramos? Why? [See: Ramos v. Wheel Sports Center, 409 N.Y.S.2d 505 (NY).]

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92742913

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