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:

Reverse Auctions

A type of auction in which sellers bid to supply goods or services to a buyer, with the price decreasing in each bid.

Buyer-Initiated

Transactions or actions that are started or requested by the purchaser rather than the seller.

Sequential Bidding

A process in auctions where bids are made one after another in a pre-determined sequence, often leading to increased strategic behavior among bidders.

Alternative Transportation

Refers to modes of transport that serve as options other than personal vehicles, such as public transit, cycling, walking, and carpooling, often emphasized for their environmental benefits.