Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lim, the owner of a car delivered his car to Chan, a mercantile agent for sale. Lim stipulated and Chan agreed that the car should

image text in transcribed
image text in transcribed
Lim, the owner of a car delivered his car to Chan, a mercantile agent for sale. Lim stipulated and Chan agreed that the car should not be sold at less than a specified price without Lim's permission. Chan intended from the very beginning to sell the car immediately for the best price he could get and use the proceeds for his own purpose. On the same day Chan received the car, he sold the car for less than the specified price to Raymond who bought it in good faith and without notice of the agent's fraud. Advise if Lim could get the ownership of the car back from Raymond. (10 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Research Analysis and Writing

Authors: William H. Putman, Jennifer Albright

4th edition

1305948378, 9781337469531 , 978-1305948372

More Books

Students also viewed these Law questions

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago