[Used Car Problems] Jamila Purchased a Used Car from Slick

question 53

Multiple Choice

[Used Car Problems] Jamila purchased a used car from Slick Sid's car dealership. Six months later the police seized the car from Jamila on the basis that it was a stolen vehicle. Jamila asked for her money back from Slick Sid's. The manager of Slick Sid's told her that the car was not stolen, but that even if it were, Slick Sid's acted in good faith with no knowledge of a theft; and that, therefore, Jamila, as a good-faith purchaser, had a good title. Slick Sid's had also sold a used car to Hiro who wrote a bad check for the car and left town, but not before selling the car to Doris. Doris purchased the car with no knowledge of any problem with the check. Slick Sid's asked Doris to return the car, but she refused. She explained that she had given the car to her son, Ricky.
-What is the term for the kind of title Ricky had?

• A) Good
• B) Void
• C) Voidable
• D) Absolute
• E) Illegal

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Definitions:

Foreign Bank

A bank based in a country other than the country it provides services in, often subject to both domestic and international banking regulations.

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An index in which the weight of each constituent is proportional to its market value, emphasizing larger companies.

Price-Weighted Index

A stock market index in which each company's influence on the index's performance is proportional to its stock price.

Bond Price Index

A measure that tracks changes in the prices of a basket of bonds over time, reflecting the overall performance of the bond market.