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3 Cards in this Set
- Front
- Back
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General Rule about sellers of personal property
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Seller can transfer no better title than he has
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Exception to gneral rule about sellers of propery
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If the seller has voidable title (obtained via fraud, misrepresentation, or duress) he can transfer good title to a good faith purchaser.
BUT a bonafide purcahser from a thief takes no title. |
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BFP inquiry notice
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To be a BFP, you must have no actual notice of the seller's wrongful title nor have any inquiry notice (reasonable person would make inquiry and find out)
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