When a Person Sells Stolen Property to a Third Party

question 24

Multiple Choice

When a person sells stolen property to a third party, the owner is estopped from recovering the goods from a:

• A) third party delegatee.
• B) third party beneficiary.
• C) third party seller for value.
• D) a good faith third party purchaser for value.

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Definitions:

Federal Unemployment Tax Rate

The rate at which employers are taxed by the federal government to fund the unemployment benefits and administrative costs of the federal unemployment insurance program.

Current Liabilities

Short-term financial obligations that are due within one year or within the company's operating cycle, whichever is longer.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time, reflecting its financial standing.

Order of Magnitude

An estimation or classification of size, level, or importance that indicates the scale or position in a systematic ranking or hierarchy.