A . Arthur brings his new computer to the Quick Fix Repair Shop to be fixed. Two days later, a buyer comes into the shop, and Quick Fix inadvertently sells Arthur's computer. Arthur now wants his computer back. Can Arthur get his computer back? Explain. b. Why do you think the Code follows this rule in situations such as the one above? Explain
a . Under the Code, Arthur has "entrusted" his computer to a merchant, who has the power to transfer all of Arthur's rights to a buyer in the ordinary course of business. The merchant has only a voidable title, but he can transfer good title to a buyer in the ordinary course of business when the goods have been entrusted to him. Arthur can get money damages from Quick Fix, but he cannot get his computer back.
b. The Code follows this rule to encourage commerce from a merchant. Arthur also has more control over the situation, because he chose the merchant to whom he entrusted his computer. So long as the goods are not unique or have no special sentimental value, money damages will adequately compensate Arthur for his loss.
You might also like to view...
Before selecting a targeting strategy, marketers should ________
A) select media for an advertising campaign B) develop segment profiles C) compare target markets D) implement a positioning strategy E) finalize the marketing mix
Answer the following statements true (T) or false (F)
SFAC No. 1 takes the position that users of financial statements must be assumed to be knowledgeable about financial information and reporting.
While various factors encourage competition, the most malleable factor is:
a. Culture b. Personality c. The organizational reward system d. Team leadership
An important step in comprehensively managing environmental liability and reducing penalties for noncompliance is to conduct periodic environmental audits
a. True b. False Indicate whether the statement is true or false