Gomer paid the seller of a car with a worthless cheque. He then sold the car to an innocent person who paid him good consideration. Gomer took the money and left the country. The original seller found out who had the car and wanted it back. Who is entitled to the car if the court holds that the contract between the original seller and Gomer is voidable?

A) Original seller
B) Gomer
C) Innocent purchaser
D) The innocent purchaser, but he must pay damages to the original seller
E) The original seller, but he must pay compensation to the innocent party

Ans: C) Innocent purchaser

Business

You might also like to view...

The aggregate plan should be communicated to

A) only the local firm. B) only downstream partners. C) only upstream partners. D) all supply chain partners who will be affected by it.

Business

Wallace's executive team reviews the stages of the international product life cycle to understand better what to expect when the product is sold overseas

Since there is virtually no export market for the product at present, the product is most likely in which of the following stages of the international product life cycle? A) maturing product stage B) new product stage C) product decline stage D) standardized product stage

Business