Subsequently declared loss by reputable insurance adjuster

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Question

On January 1, 2019, Ann (seller) and Pia (buyer) entered into a contract for the delivery of a motor vehicle (yellow BMW with plate number XXX123) on February 14, 2019, without any need for demand. While still in the possession of Ann and with the implied consent of Pia, the yellow BMW was involved in a carnapping incident on February 16, 2019. The BMW was declared stolen by the police and subsequently declared loss by a reputable insurance adjuster.

Who bears the loss of the BMW?

Reference no: EM133854991

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