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Storage of Goods Documents of Title and Other Interests Form

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Storage of Goods Documents of Title and Other Interests Form

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title and risk of loss title refers to ownership of a good whichever party legally owns the goods at a moment is the one with title risk of loss refers to which party bears the risk for damage or destruction of the goods notwithstanding the form of shipment title or other property interest risk of laws shall not pass from the contractor to the authorized user until the products have been received inspected and accepted by the receiving entity acceptance shall occur within the reasonable time or in ance with the such other defined acceptance period as may be specified in the bid specifications or purchase order any delivery or product that is substandard or does not comply with the bid specification or contact terms and conditions may be rejected or accepted on an adjusted price basis as determined by the commissioner

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