Question
Kenneth owned a Nissan car, which he advertised for sale. He eventually sold it to Marie, who took it away, after giving Kenneth a cheque
Kenneth owned a Nissan car, which he advertised for sale. He eventually sold it to Marie, who took it away, after giving Kenneth a cheque for $5000. The cheque was dishonoured when presented to the bank the following morning and Kenneth immediately informed the police of the fraudulent transaction. Subsequently, Marie sold the car through a firm of car dealers to Exxanda Finance, who had no notice that Marie had acquired the car fraudulently. You subsequently bought the car in good faith and without notice of the defect in title. Do you have good title to the vehicle?
Answer this question using the IRAC method
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