Under the Uniform Commercial Code, when the minor has sold goods and the buyer has resold them to a good faith purchaser for value:
A) the minor can disaffirm and recover the property.
B) both the purchaser from the minor and the good faith purchaser for value acquire legal title.
C) the good faith purchaser for value acquires legal title.
D) the good faith purchaser for value receives a voidable title.
Correct Answer:
Verified
Q44: Donald, a minor, makes a contract with
Q45: Steve purchases a four-wheel drive truck from
Q46: Randy, a minor, buys a new four-wheel
Q47: In which of the following situations would
Q48: Which of the following is untrue regarding
Q50: Joanne, a minor, sold her laptop computer
Q51: Tim, who is a minor, enters into
Q52: Melody, age 17, makes a contract with
Q53: Fourteen-year-old Marsha bought $120 worth of video
Q54: Percy, age 17, purchased a used mobile
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents