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Chapter 20 Forum

Chapter 20 Forum

Q We have seen a few instances where the fact that a thief tricked an owner into handing over goods in exchange for something like a forged check means that the thief can pass on title to a bonafide purchaser. This would not be the case if the thief instead of tricking the owner had simply stolen the items directly (stolen a ring rather than bought a ring with a forged check for instance). Does this distinction make sense to you?

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In the United States, the Uniform Commercial Code (UCC) offers assurance identified with guarantees of title by the vender, the title being passed on is a decent title and that the merchant has the privilege to exchange the title free of any security intrigue, lien, or encumbrance to a honest buyer for esteem as per Section 2-312.