Question
Hi , I need help understanding and explination with this worksheet : 2. Absent an agreement stating otherwise, title passes to the buyer at the
Hi , I need help understanding and explination with this worksheet :
2. Absent an agreement stating otherwise, title passes to the buyer at the time and place the seller delivers the goods.
a. True
b. False
6. Under the UCC, a bill of lading is:
a. the same thing as a shipment contract.
b. a payment by the buyer of goods to a seller.
c. a receipt of goods signed by a carrier and a contract for transportation of the goods.
7. When a title document is required, title passes to the buyer when and where the document is delivered.
a. True
b. False
8. Void title means the seller has the power to transfer good title to a good faith purchaser for value.
a. True
b. False
9. If a buyer unknowingly purchases goods from a seller who has void title, the real owner
Select
10. Someone who purchases goods for fair market value from a seller, but knew the goods were stolen, can still be considered a buyer in the ordinary course of business.
a. True
b. False
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started