Although he knows the ring is really valuable, Alex tells Mona her ring contains artificial gems, but he would be willing to buy it for $50. Mona agrees. Alex quickly takes the ring to Hanna's Antique Jewelry Shop and sells it for $1,000. A month later, Mona sees her ring on sale for $2,000 at the shop. Is Mona entitled to get the ring back?
A) Yes, she is the true owner of the ring since she was defrauded.
B) Yes, since Alex had void title to the ring.
C) No, since Alex had voidable title to the ring and Hanna was a good faith purchaser.
D) No, since Mona was an entruster.
C
You might also like to view...
Stephen Michaels wants to know how much he must deposit today at 12% interest to provide three equal annual withdrawals of $10,000, beginning one year from now. This is an example of the present value of
A) an ordinary annuity. B) an annuity due. C) a single sum. D) a deferred annuity.
Joe's Coffee House Joe's Coffee House has the following information available for the month of July: Sales (2,500 cups) $7,500 Variable costs 3,250 Fixed costs 4,000 Net operating income $ 250 Refer to the Joe's Coffee House information above. If Joe's sells 500 more cups of coffee per month, net operating income will:
A) increase by $850. B) increase by $100. C) increase by $150. D) increase by $1,500.
The author of a creative work does not own the entire copyright
a. True b. False Indicate whether the statement is true or false
Organic Cheeses, Inc, Fine & Fresh Foods Company, and Healthy Whole Foods, Inc organize together to exchange information and share advertising. This is an example of a
a. trade association. b. resale price maintenance agreement. c. monopoly. d. territorial restriction.