How does the UCC treat goods that were fraudulently obtained?
What will be an ideal response?
A seller or lessor has voidable title or voidable leasehold interest to goods if he or she obtained the goods through fraud, if his or her check for the payment of the goods or lease is dishonored, or if he or she impersonated another person. A person with voidable title to goods can transfer good title to a good faith purchaser for value or a good leasehold interest to a good faith subsequent lessee. A good faith purchaser or lessee for value is someone who pays sufficient consideration or rent for the goods to the person he or she honestly believes has good title to or leasehold interest in those goods. The real owner cannot reclaim goods from such a purchaser or lessee.
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By creating your own graphic, you
A) Can design it to meet your needs. B) Can avoid infringement of copyright laws. C) Have more control over the ?nal product. D) All of the above.
Refer to the instruction above. What does the company save for the year by selecting the low-cost option (for annual requirements of 40,000 units)?
A) $150,000 B) $300,000 C) $50,000 D) $40,000