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Jerry purchased an automobile from Jones for $10,000. Unknown to Jerry, Jones had used the automobile as security for a loan from his bank, and

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Jerry purchased an automobile from Jones for $10,000. Unknown to Jerry, Jones had used the automobile as security for a loan from his bank, and the bank had registered its security in the automobile under the provincial personal property security registration legislation. A few months after the sale, Jones defaulted on his loan, and the bank discovered that Jerry was in possession of the automobile. Which of the following are true? Jerry has a good title to the automobile because he purchased it as a bona fide purchaser, for ver without notice. o The bank is not entitled to seize the automobile because Jones had not glven notice to Doe of the bank's claim against the vehicle before Jerry purchased it. The bank is not entitled to seize the automobile because it had not given Doe notice of its claim against the vehicle before Jerry purchased it. Jones is liable to Jerry for breach of implied warranty of title should the bank seize the automobile Jones is liable to Jerry for breach of implied condition of title should the bank seize the automobile

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