Which of the following is necessary to be considered a good faith purchaser?
A)The purchaser must act honestly.
B)The purchaser must give value for the item.
C)The purchaser must take the goods without notice or knowledge of any defect in the title of the transferor.
D)All of the above are necessary.

Question

Quizplus · Accepted Answer

To be considered a good faith purchaser, all three factors listed in options A, B, and C must be met. The purchaser must act honestly, give value for the item, and take the goods without notice or knowledge of any defect in the title of the transferor. Thus, option D is the correct answer.

Which of the Following Is Necessary to Be Considered a Good