Yancie took her bike in to Pete’s Bike Sales and Repair to
have it repaired. Pete said he would need to have her leave it for
two days. The next day, one of Pete’s employees sold Yancie’s
bike to Jake. Jake paid for the bike with a credit card, unaware
that Pete did not own the bike. Which of the following is correct?

Yancie can repossess the bike from Jake if she pays
Jake. Yancie then recovers the price from Pete.
Pete can repossess the bike from Jake and then return it
to Yancie.
Yancie can sue Jake for monetary damages only.
Jake has title to the bike.

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