Purchasing and Repurchasing a Car
Not what you're looking for?
Ralph purchases a car from a minor and subsequently sells it to Jack, another adult who had no reason to know of the previous transaction and who paid full value for the car. Which of the following best describes this situation?
a. Ralph had a voidable title and Jack gets a good title
b. Ralph had a good title and Jack gets a good title.
c. Ralph had a voidable title and Jack gets a voidable title
d. Ralph had a good title and Jack gets a voidable title
Purchase this Solution
Solution Summary
This response analyzes a situation in which a car was purchased from a minor and was resold to an adult who paid full value for the car.
Solution Preview
The Sale of Goods Act provides that when the seller of goods has a voidable title thereto but his title has not been avoided at the ...
Purchase this Solution
Free BrainMass Quizzes
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Basics of corporate finance
These questions will test you on your knowledge of finance.