ACCEPTANCE/RISK OF LOSS. When the Agreement does not require installation, acceptance shall occur five (5) business days after delivery of goods or service, unless the College has notified the Vendor in writing that the product or service delivered does not meet the College’s specification requirements. Risk of loss and responsibility and liability for loss or damage will remain with Seller until final inspection and acceptance by College. Responsibility will pass to the College, except as to the latent defects, fraud and Seller’s warranty obligations. Such loss, injury or destruction shall not release the Seller from any obligation under the Agreement.
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