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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 person’s 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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- Spring '11
- good faith purchaser