Quote:
Originally Posted by Peter_Spaeth
So if an instant after the deal was done Dan's house had burned down and the card with it, Eric would have been out of luck because he was now the owner? No, because Dan still had title according to the law, until he completed his obligations with respect to shipping.
Section 2-401(2) of the UCC provides that “title passes to the buyer at the time and place at which seller completes his performance with reference to the physical delivery of the goods.”
But all that, to me, is beside the point.
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Always the truculent one 
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If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other. - Ulysses S. Grant, military commander, 18th US President.
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