Assuming the Car Was Stolen Without Any Knowledge of ABC

question 22

Multiple Choice

Assuming the car was stolen without any knowledge of ABC Motors,which of the following is true regarding the manager's statement that Marcy has a good title?

• A) The manager is correct.
• B) The manager is correct only if Marcy can establish true consumer status meaning that she had not bought or sold over three cars in the previous six months.
• C) The manager is correct only if Marcy can establish true consumer status meaning that she had not bought or sold over three cars in the previous year.
• D) The manager is incorrect because Marcy has voidable title.
• E) The manager is incorrect because Marcy has void title.

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Definitions:

Ego Identity

In psychology, it is the sense of oneself as a distinct, continuous entity with a set of beliefs, affiliations, and values.

Foreclosure

In terms of identity formation, it refers to committing to an identity without exploring other options. Separately, it also describes the legal process where a lender takes possession of property due to the borrower's failure to make mortgage payments.

James Marcia

A developmental psychologist known for his work on adolescent identity formation and his theory of identity status development.

Identity Statuses

The various phases individuals go through in the development of a sense of self, including exploration and commitment in various life areas.