Which of the following is a false statement?
Pursuant to a destination contract, the risk of loss typically passes to the buyer when the goods are duly delivered to the carrier.
Pursuant to a shipment contract, the risk of loss typically passes to the buyer when the seller places conforming goods in the possession of the carrier.
An agency relationship is a fiduciary one pursuant to U.S. law.
An officer of a corporation typically possesses the power to bind the corporation contractually even though the officer is not a director.