Examlex
A lack of relationship between two nominal variables is called __________.
Entrustment
The transfer of goods to a merchant who ordinarily deals in that type of goods. If the merchant subsequently sells them to a good-faith third-party purchaser, the buyer acquires good title to the goods.
Merchant Authority
The legal ability of a retailer or agent to act on behalf of a business in a way that binds the business.
Void Title
A legal term indicating that a transfer of property or title lacks legal validity or enforceability.
Good Faith
A sincere intention to be fair, open, and honest, regardless of the outcome of the engagement or agreement.
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