Doe Purchased a Vehicle from Jones for $1,000

question 74

Multiple Choice

Doe purchased a vehicle from Jones for $1,000.Unknown to Doe,Jones had used the vehicle as security for a loan from his bank,and the bank had registered its security in the vehicle under the provincial personal property security registration legislation.A few months after the sale,Jones defaulted on his loan,and the bank discovered that Doe was in possession of the vehicle.Which of the following are true?

• A)The bank is not entitled to seize the vehicle because it had not given Doe notice of its claim against the vehicle before Doe purchased it.
• B)The bank is not entitled to seize the vehicle because Jones had not given notice to Doe of the bank's claim against the vehicle before Doe purchased it.
• C)Doe has a good title to the vehicle because he purchased it as a bona fide purchaser,for value,without notice.
• D)Jones is liable to Doe for breach of implied condition of title should the bank seize the automobile.
• E)Jones is liable to Doe for breach of implied warranty of title should the bank seize the automobile.

Assess the relationship between types of play and stages of child development.

Understand the principles and defenses related to negligence and liability including contributory negligence, modified comparative negligence, strict liability, and assumption of the risk.

Comprehend the legal concepts of assault, battery, and defamation, and the requirements to establish damages in defamation actions.

Identify and explain the legal obligations and duties that arise in specific scenarios including duty to rescue and liability in animal-related incidents.

---

Definitions:

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used.

Diminishing-Balance

A method of depreciation that accelerates the rate at which an asset loses value, applying a constant rate to the declining book value each period.

Constant Percentage

A method or rate that does not change over time, often used in calculations of growth, discount, or interest rates.

Units-of-Production Method

A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces or hours it operates.