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5 Cards in this Set
- Front
- Back
Entrustment
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when an 1) owner 2) entrusts her property 3) to a merchant who deals in goods of that kind, 4) the merchant has the poewr to trnasfer all rights in that property to a BIOC.
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BIOC
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buys item in good faith and without notice of the ownership rights of a third party.
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Buyer's revocation of an acceptance of goods
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1) materially impairs their value to the buyer &
i) accepted them on the reasonable belief that the defenct would be cured and it has not been; or ii) buyer accepted the goods b/c of the difficulty of discovery defects or because of the seller 's assurance that the goods conformed to the contract. |
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Seller's Remedies for a Breach of K
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1) incidental
2) KP - MP or 3) KP- resale price (if no market) 4) + cost saved b/c of breach |
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Warranties in Saes of Goods
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1) Title
2) Against infringement 3) implied warranty of merchantability 4) implied warranty of fitness for particular purpose |