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Joe Went to a Music Store;misrepresenting Himself as James to the Store

question 52

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Joe went to a music store;misrepresenting himself as James to the store attendant.He buys a plasma television on credit,charging it to James's account.He then sells that set to Mike.Mike buys the set in good faith.Which of the following is true in such cases?


Definitions:

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets.

U.S. Dollar

The official currency of the United States and a standard unit of money used in international trade.

U.S. Goods

Products that are manufactured, produced, or grown within the United States.

Forward Exchange Rate

An agreed-upon exchange rate for a currency pair to be exchanged at a future date, used in hedging and trading strategies.

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