Examlex

Solved

Wen Purchased an Automobile from Nick for $10,000

question 24

True/False

Wen purchased an automobile from Nick for $10,000. Unknown to Wen, Nick 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, Nick defaulted on the loan, and the bank discovered that Wen was in possession of the automobile. Nick is liable to Wen for breach of warranty of title, if the bank should seize the automobile.


Definitions:

Norepinephrine

A neurotransmitter and hormone involved in the body’s fight-or-flight response, affecting attention, heart rate, and blood pressure.

Catastrophic Thinking

An irrational thought process leading an individual to believe that something is far worse than it actually is, often seen in anxiety and depression.

Bodily Sensations

Physical feelings or perceptions resulting from the condition of the body or its parts.

Hypersensitive Fight-Or-Flight

An exaggerated response to stress or perceived threats, where the body's natural fight-or-flight response is more easily triggered or more intense than normal.

Related Questions