Which of the following is necessary to be considered a good faith purchaser?
A) The purchaser must give value for the item.
B) The purchaser must take the goods without notice or knowledge of any defect in the title of the transferor.
C) The purchaser must act honestly.
D) All of these are necessary.

Question

Quizplus · Accepted Answer

All of these conditions are necessary for someone to be considered a good faith purchaser. The purchaser must give value for the item, take the goods without notice or knowledge of any defect in the title of the transferor, and act honestly.

Which of the Following Is Necessary to Be Considered a Good