Question
Lim, the owner of a car delivered his car to Chan, a mercantile agent for sale. Lim stipulated and Chan agreed that the car
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)
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In this scenario Lim the owner of the car delivered his car to Chan a mercantile agent for sale They had a specific agreement that the car should not ...Get Instant Access with AI-Powered Solutions
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