BSL_21- Transfer of Title

BSL_21- Transfer of Title - If seller is a non merchant,...

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BSL_21 17:29 Contracts that apply only to the UCC sale of goods Dictated by parties contract No explicit statement o Shipment contract= title and risk of loss passes when goods are delivered to the  carrier Explicit Statement? OR If all else fails= Shipment Contract o delivered to the buyer Explicit Statement? o Buyer will pick up goods from Seller Title If there is a document of title, title passes when the document is properly  transferred If there is no document of title, title passes when the seller has performed  all of their duties Risk of Loss If seller is a merchant, risk of loss passes when buyer picks up the goods
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Unformatted text preview: If seller is a non merchant, risk of loss passes when they tender delivery Power to Transfer Title Types of title o Good Title o Voidable Title- subject to challenge by someone who has a better claim of ownership (ex. Voidable contracts: minors, borrowing, buying under misrep.) o Void Title- might have possession however there is no ownership over goods (took goods without persons knowledge) Buyer of goods get no better title than what seller had o Exceptions Seller with voidable title can pass good title to a good faith purchaser for value Entrustment rule- if owner entrusts possession of goods to a merchant who sells that type of good, the merchant can pass good title to a good faith purchaser for value 17:29 17:29...
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BSL_21- Transfer of Title - If seller is a non merchant,...

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