The General Rule Under Sale of Goods Legislation Is That
The general rule under sale of goods legislation is that any damage or loss to the goods before property passes to the buyer is carried by the seller.
What are unascertained goods?
Which of the following is the best definition of the nemo dat quod non habet rule?
A) A buyer can only take the same rights to goods as the person from whom they acquired them.
B) A buyer can only acquire rights if they purchase in good faith and for value.
C) A seller can only transfer rights to a buyer in good faith and for value.
D) Only the person in possession can transfer possession to a buyer.
Which of the following is NOT an exception to the nemo dat quod non habet rule?
A) The goods are purchased by a person with statutory or common law powers.
B) The seller is selling as a factor or mercantile agent.
C) The owner gives the impression that the seller has authority to sell.
D) The goods are purchased in a public market by a buyer in good faith and without knowledge of the seller's lack of title to sell.