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Doe Purchased an Automobile from Jones for $1,000

question 22

True/False

Doe purchased an automobile from Jones for $1,000.Unknown to Doe,Jones had used the automobile as security for a loan from his bank,and the bank had registered its security interest in the automobile under the provincial personal property security registration legislation.A few months after the sale,Jones defaulted on the loan,and the bank discovered that Doe was in possession of the automobile.
-Doe has a good and clear title to the automobile,because he purchased it without knowledge of the bank's claim.

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Definitions:

Open-Door Policy

A management approach where leaders encourage openness and transparency in the workplace by allowing employees to give feedback, raise concerns, or discuss problems without fear of reprisal.

Alternative Dispute Resolution

A range of procedures, such as mediation or arbitration, designed to resolve disputes without the need for litigation.

Behavioral Modeling

A training technique that involves the imitation of the behavior of others, observing and mapping successful practices and actions to improve performance.

Progressive Discipline

A process by which an employer implements increasingly severe actions (warnings, suspension, termination) in response to employee failures or misconduct.

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