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5 Cards in this Set

  • Front
  • Back
Entrustment
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.
BIOC
buys item in good faith and without notice of the ownership rights of a third party.
Buyer's revocation of an acceptance of goods
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.
Seller's Remedies for a Breach of K
1) incidental
2) KP - MP or
3) KP- resale price (if no market)
4) + cost saved b/c of breach
Warranties in Saes of Goods
1) Title
2) Against infringement
3) implied warranty of merchantability
4) implied warranty of fitness for particular purpose