Although He Knows the Ring Is Really Valuable,Alex Tells Mona

question 46

Multiple Choice

Although he knows the ring is really valuable,Alex tells Mona her ring contains artificial gems,but he would be willing to buy it for $50.Mona agrees.Alex quickly takes the ring to Hanna's Antique Jewelry Shop and sells it for $1,000.A month later,Mona sees her ring on sale for $2,000 at the shop.Is Mona entitled to get the ring back?

• A) Yes,she is the true owner of the ring since she was defrauded.
• B) Yes,since Alex had void title to the ring.
• C) No,since Alex had voidable title to the ring and Hanna was a good faith purchaser.
• D) No,since Mona was an entruster.

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Definitions:

Cash Refunds

Payments returned to customers for various reasons, such as returns or overcharges.

Bank Deposits

Funds placed into a bank account for safekeeping, which may bear interest over time.

Slow Payments

Delays in the settlement of financial obligations, typically in the context of customers taking longer than agreed to pay their invoices.

Cash Receipts

The collection of cash during a period, including cash received from customers, interest, and other sources.