Any person, innocent or knowingly, who buys stolen goods from a thief, receives title as well as possession.
For ownership of goods to be transferred in a sale, the goods must be either existing or identified
Ownership of goods brings with it a bundle of rights and benefits as well as related duties and burdens
Neither ownership nor risk of loss passes at the time of the contract for the sale of future goods.
By nature or trade usage, each fungible goods unit is regarded as equal to every other unit
Transfer of ownership of goods may be down by the owners and authorized persons, or
A good-faith purchaser is one who
Goods, specifically designated as the subject matter of a particular sales contract, can be identified by
If the parties do not specify when the title is to pass, the court will
Future goods are
Which of the following transactions merit special attention because of their frequency and unique rules?
On COD sales,
In a COD transaction what right does the buyer lose?
Which of the following is an example of a fungible goods?
Helena is ordering a wedding dress. She calls the company and gives them her measurements, the material type, color and delivery date she wants. The wedding dress is an example of a(n)
Mei-yu purchases a leather briefcase on a 30-day trial basis. At the end of the trial she can pay for the item or return to seller. This type of transaction is known as
Melody purchases 20 crates of fabric. Because her store is small, the crates will be temporarily stored in a public warehouse. The public warehouse is an example of a(n)
Brenden places a catalog order with Audrey of CLS International for 10 tapes. Audrey places the tapes in a box, contacts a deliver service, and places the goods at Brenden's disposal. This process is known as
CIF means
FOB is a common shipping term used with commercial buyers and sellers. FOB means
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