Where a Rogue Fraudulently Obtains a Car from the Original

question 5

Multiple Choice

Where a rogue fraudulently obtains a car from the original owner and sells the car to a third party, in which of the following scenarios will bona fide purchase for value without notice be a defence against a claim by the original owner?

• A) The original owner made a fundamental mistake of identity when purporting to sell the car to the rogue.
• B) The rogue had lied to the original owner about his ability to pay for the goods in order to procure the car.
• C) The original owner rescinded the contract before the rogue sold the car on to the bona fide purchaser.
• D) None of the options provided is correct.

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Definitions:

Tacit Collusion

A form of collusion in which businesses subtly coordinate actions without explicit agreement, aiming to raise prices or stabilize market conditions.

Legal

Pertains to matters governed by law, statutes, or regulations and recognized or enforced by a judicial system.

Tit-For-Tat Strategy

A cooperative, reciprocative strategy in game theory where an entity responds to an opponent's action with similar action.

Pricing Strategy

The approach a company uses to determine the best price for its products or services to maximize profits and meet customer expectations.