Question: John bought a car for $ 5 0 0 0 . Shortly afterwards, a bailiff acting for an unpaid security interest holder who had properly

John bought a car for $5000. Shortly afterwards, a bailiff acting for an unpaid security interest holder who had properly registered his financing statement seized the car. In which of the following circumstances will John be least likely to recover what he is owed? If John forgot to check the registry for liens or encumbrancesIf neither John nor the seller said anything about whether the car was free andclear of encumbrances If the seller can no longer be locatedO if the seller told John that the car was free and clear of any encumbrances even though John did not askIf the seller told John that the car was free and clear of any encumbrances after John asked

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!