Question

Which of the following are transaction risk?

• A. Seller denies that the customer ever placed the order or the customer denies that he ever placed the order.
• B. The intended delivery does not take place, goods are delivered at wrong address, or goods other than ordered may be delivered.
• C. Seller does not get the payment for the goods supplied whereas the customer claims that the payment was made.
• D. All of the above

Answer 1

The correct option is D All of the above

All the risks that are mentioned above are transaction risk as both seller and buyer deal only through internet, they don't know about the physical existence of each other. Seller can deny that he customer placed the order or he may not receive the payment while consumer says that he has done payment earlier.