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 valid legal title.
D)the good faith purchaser for value receives a voidable title.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code, if a minor sells goods and the buyer resells them to a good faith purchaser for value, the good faith purchaser acquires valid legal title to the goods. The minor cannot disaffirm the sale and recover the property because the goods have been sold to a third party who has acted in good faith and paid value for the goods. Therefore, choice (C) is the best choice.

Under the Uniform Commercial Code, When the Minor Has Sold