What Happens When a Buyer with a Voidable Title Sells

question 26

Multiple Choice

What happens when a buyer with a voidable title sells the goods to a third-party purchaser who makes a good-faith purchase for value?

• A) The purchaser gets good title.
• B) The purchaser gets voidable title.
• C) The purchaser gets void title.
• D) The purchaser gets reclaimable title.
• E) The purchaser gets good-faith title.

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Definitions:

Wealth

An abundance of valuable resources or material possessions, or the control of such assets.

Flood

A flood is an overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or dam failure, leading to potential damage and loss.

Von Neumann-Morgenstern

A theory of expected utility, which provides a method for making decisions based on the expected outcomes of various choices.

Expected Value

A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.