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(BLAW) What are the correct answers and why? homas steals Roger's baseball-card collection and sells it to Jackson for $5,000. oger finds out that Jackson
(BLAW) What are the correct answers and why?
homas steals Roger's baseball-card collection and sells it to Jackson for $5,000. oger finds out that Jackson has the collection and goes to claim it. Which of the ollowing is true? Roger cannot recover the cards from Jackson because Jackson has voidable title. Roger can recover the cards from Jackson because Jackson has voidable title. Roger can recover the cards because Thomas's title to the cards was void. Roger cannot recover the cards because his title is void once the cards were stolen. If the buyer receives nonconforming goods delivered to them by a carrier, which of the following is true? The risk of loss reverts to the seller until they deliver conforming goods. The risk of loss remains with the buyer but the seller's insurance will cover the loss If goods are in possession of a bailee when they are sold and the contract requires that the buyer possess a negotiable bill of lading to pick up the goods, the risk of loss passes to the buyer when they pick up the good from the bailee when they receive the bill of lading from the seller when they contract for the goods when the bailee takes possession of the goods from the seller Who pays for shipping in an FOB (destination) contract? The buyer The seller Which of the following must occur before the title of goods can pass from the seller to the buyer? The risk of loss must pass The buyer must accept the goods The goods must be identified The buyer must take possession of the goods hn takes his prized 1962 Les Paul electric guitar to Lonnie's musical instrument storation shop to have Lonnie's restore it for $6,000. After Lonnie's restores the guitar, a itar collector sees it in the shop and offers $35,000. Lonnie's sells the guitar to the Ilector. Which of the following is true? The collector can keep the guitar if they thought Lonnie was the owner, since Lonnie was a merchant. Lonnie would have to return $6,000 to John. The collector cannot keep the guitar because Lonnie's essentially stole it from him so his title was void. The collector cannot keep the guitar because he has void title to it. The collector can keep the guitar since he didn't know it belonged to John and Lonnie's was a merchant. John could sue Lonnie's for the value of the guitar. homas buys Roger's baseball-card collection for $5,000 but the check he writes to oger is not honored by the bank. In the meantime, Thomas sold the collection to ouston for $6,000, who knows nothing about Roger. Which of the following is true? Roger can recover the cards because Thomas wrote him a bad check. Roger cannot recover the cards because Thomas sold the cards to Houston, who purchased the cards without knowing there was a problem. Houston can keep the cards only if Thomas pays Roger for the cards. Houston cannot keep the cards because there was fraud in the transaction. f the seller of goods is a merchant and the customer is going to pick up the goods from the merchant, the title passes When the goods are sold When the goods are picked up When the seller notifies the buyer they may pick up the goods
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