Question: Under the Uniform Commercial Code, when the minor has sold goods and the buyer has resold them to a good faith purchaser for value: the

Under the Uniform Commercial Code, when the minor has sold goods and the buyer has resold them to a good faith purchaser for value:
the good faith purchaser for value acquires legal title.
both the purchaser from the minor and the good faith purchaser for value acquire legal title.
the minor can disaffirm and recover the property.
the good faith purchaser for value receives a voidable title.
Under the Uniform Commercial Code, when the minor has sold goods

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!

Q:

Under the Uniform Commercial Code, when the minor has sold goods and the buyer has resold them to a good faith purchaser for value: Question 1 0 Select one: a . the minor can disaffirm and recover...

Q:

Question 10 2 pts Under the Uniform Commercial Code, when the minor has sold goods to an adult buyer, and the adult buyer has resold them to a good faith purchaser for value: 0 the good faith...

Q:

1.In which instance can the true owner of goods recover them? The goods were sold by the true owner to a good faith purchaser for fair value. The goods were entrusted to a merchant who then sold them...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Titus-Will Ford Sales, Inc. appeals a judgment for replevin [repossession] of a 1990 Ford pickup truck that Titus-Will had previously sold to dealer/broker James Wilson. Upon consideration of the...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

Question 1. The court determined Marlow was defrauded by Conley. How did Conley defraud Marlow? Question 2. Why did Marlow think the Medleys should not be considered good-faith purchasers? Question...

Q:

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

Q:

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

Veronica Company allocates overhead costs to jobs on the basis of direct labor-hours. Its estimated average monthly factory costs for 2005 were as follows: Its estimated average monthly direct...

Q:

A length of metal wire has a radius of 5.00 103 m and a resistance of 0.100 . When the potential difference across the wire is 15.0 V, the electron drift speed is found to be 3.17 104 m/s. On the...

Q:

Which of the following best describes auditing? ANSWER It recognizes that for every transaction that affects an asset, an equal transaction must also affect either a liability or owners equity. It is...

Q:

Por qu los inventarios se expresan al menor del costo y al valor neto realizable?