If an Owner Entrusts the Possession of Goods to a Merchant

question 74

True/False

If an owner entrusts the possession of goods to a merchant who deals in goods of that kind, the merchant has no authority to transfer any rights in the goods to a buyer in the ordinary course of business.

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Definitions:

Free Rider

A term used to describe someone who benefits from resources, goods, or services without paying for them or contributing to their cost.

Self-Employed

Individuals who work for themselves, either by running their own business or offering their services as freelancers, rather than being employed by someone else.

Social Loafing

The occurrence where people put in less effort towards achieving a goal while working in a team compared to working independently.

Ringelmann Effect

Individual effort on a task diminishes as group size increases.