If a seller or lessor of goods has stolen the goods a.his/her title to the goods

Question

If a seller or lessor of goods has stolen the goods

a.his/her title to the goods is voidable.

b.the owner of the goods can reclaim the goods if the owner acts promptly after discovery of the theft or acts promptly after he/she should have discovered the theft.

c.can pass title to the goods to a good faith purchaser of the goods who has given consideration for the goods.

d.his/her title to the goods is void.

14 If a sale involves specific goods already in existence, identification under the UCC occurs

a.when the goods are set apart from other goods by the seller.

b.when the goods are labeled by the seller as belonging to a particular contract.

c.when the goods are shipped to the buyer.

d.when the contract is made.

15.Partial payment of a debt after it has been discharged in bankruptcy

a.revives the entire unpaid balance of the debt.

b.cannot be accomplished without the approval of the bankruptcy court.

c.requires the creditor who has been paid to return the payment to the bankruptcy court.

d.will not revive the entire unpaid balance of the debt.

Explanation / Answer

Answer :-

If a seller or lessor of goods has stolen the goods then his/her title goods is void and the owner reclaim the goods

so answer is (d) his/her title to the goods is void.

(14)  If a sale involves specific goods already in existence, identification under the UCC occurs when the contract is made.

sp answer is (d) when the contract is made.

(15) Partial payment of a debt after it has been discharged in bankruptcy cannot be accomplished without the approval of the bankruptcy court.

so answer is (b) cannot be accomplished without the approval of the bankruptcy court.

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