Question: Hi , I need help understanding and explination with this worksheet : 2. Absent an agreement stating otherwise, title passes to the buyer at the
Hi , I need help understanding and explination with this worksheet :
2. Absent an agreement stating otherwise, title passes to the buyer at the time and place the seller delivers the goods.
a. True
b. False
6. Under the UCC, a bill of lading is:
a. the same thing as a shipment contract.
b. a payment by the buyer of goods to a seller.
c. a receipt of goods signed by a carrier and a contract for transportation of the goods.
7. When a title document is required, title passes to the buyer when and where the document is delivered.
a. True
b. False
8. Void title means the seller has the power to transfer good title to a good faith purchaser for value.
a. True
b. False
9. If a buyer unknowingly purchases goods from a seller who has void title, the real owner
Select
10. Someone who purchases goods for fair market value from a seller, but knew the goods were stolen, can still be considered a buyer in the ordinary course of business.
a. True
b. False
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