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Unformatted text preview: picks up the goods (B) If the seller is NOT a merchant , risk of loss passes to the Buyer when the Seller tenders delivery (makes goods available and tells Buyer he can pick it up) II) Power to Transfer Title A) Types of Title 1) Good Title own the goods outright and nobody can challenge ownership 2) Voidable Title possess the goods, have some rights to them, but someone with a better claim can cancel your ownership 3) Void Title posses the goods, but have no ownership in the goods (Stolen) B) General Rule buyer doesnt get a better title than what their seller had 1) Exceptions: (a) Seller with a voidable title can pass a good title to a good-faith purchaser, a person who didnt know or have reason to know of the bad title, for market value (b) Entrustment Rule if the owner entrusts possession to a merchant , the merchant can pass good title to a good-faith purchaser for value...
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This note was uploaded on 01/19/2012 for the course BSL 212 taught by Professor Guzzi during the Spring '07 term at University of Miami.
- Spring '07