While Selling the Contents of His House in Preparation for a Move

question 56

Multiple Choice

While selling the contents of his house in preparation for a move to a condominium, Mr. Lotski sold an antique desk to a Mr. Rogers, who paid by a cheque that was later returned N.S.F. (nonsufficient funds) . Lotski later learned that Rogers had sold the desk to Mrs. Lee for cash, which he took and then disappeared. Who is entitled to the desk if the court holds that the first contract between Lotski and Rogers is voidable?

• A) Lotski
• B) Rogers
• C) Lee
• D) Lotski, but he must pay compensation to Lee
• E) Lee but, she must pay compensation to Lotski

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Definitions:

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

Price Difference

The variation in cost between two goods, services, or markets, often influenced by factors like quality, supply, and demand.

Minimum Wage

The lowest legal wage that can be paid to most workers, intended to protect workers from unfairly low pay.

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The Consumer Price Index is a gauge that assesses the combined average cost of a variety of essential consumer items and services like healthcare, food, and transport, factoring in their weighted value.