3. Mann bought a Lincoln Continental Mark IV automobile from Kilbourn American Leasing, Inc. for $6,500 cash. He received by mistake from Kilbourn a title certificate for a similar but different vehicle. Kilbourn later borrowed money from a bank and gave the correct title certificate for Mann's car to the bank as security for the loan. The bank claims that Mann does not have title to the car because he did not receive the title certificate. Was the bank correct? Why or why not? Explain.

5. Summarize the major legal concepts and issues involved in such car deals--the buying and selling of cars. Then give your informed comment on which legal issue or concept involved in car deals is most often misunderstood by consumers.