Commercial Law, 2013 Bar — Question MC-VIII

MULTIPLE CHOICE

Anton imported perfumes from Taiwan and these were released to him by the bank under a trust receipt. While the perfumes were in Anton's warehouse, thieves broke in and stole all of them. Who will shoulder the loss of the stolen perfumes? (1%) A) The loss of the perfumes will be borne by the bank in whose behalf the perfumes were held in trust; B) Anton will bear the loss; C) The exporter can hold both the bank and Anton liable for the loss; D) The exporter from whom Anton bought the perfumes will bear the loss; E) No one bears the loss for an unforeseen event.

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