706. Property in consignor; risk in consignee.

Where a consignor of goods retains property in them but risk is transferred to a buyer after the contract of carriage is made, the consignor can recover substantial damages in contract for defaults committed by the carrier after the risk has been transferred, though the consignor's financial loss may be nominal1. In contract, though nominal damages can be awarded, the right to recover substantial damages for the loss of or damage to goods can be proved by showing possession or ownership of the goods; it is the loss to the proprietary or possessory interest that is compensated, not some