B Is Known in the Trade as a Trader and Merchant

question 3

Multiple Choice

B is known in the trade as a trader and merchant of soybeans.A entrusts a load of soybeans to B for storage in B's warehouse.Secretly,B delivers the goods to an ocean carrier in return for a bill of lading.B then sells the document covering a shipment of soybeans to C,who has purchased soybeans from B in the past.C pays for the document through its bank.B absconds with the money.In this case:

• A) B is guilty of a crime under the Uniform Commercial Code.
• B) C is probably not a good faith purchaser.
• C) C takes paramount title.
• D) B and the carrier are liable for a conspiracy to commit fraud.

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