402.403 Power to transfer; good faith purchase of goods; “entrusting”.

137 words·~1 min read·/wi/chapter-402/402-403

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A purchaser of goods acquires all title which the purchaser’s transferor had or had power to transfer except that a purchaser of a limited interest acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faith purchaser for value. When goods have been delivered under a transaction of purchase the purchaser has such power even though:

(a)The transferor was deceived as to the identity of the purchaser; or

(b)The delivery was in exchange for a check which is later dishonored; or

(c)It was agreed that the transaction was to be a “cash sale”; or

(d)The delivery was procured through fraud punishable as larcenous under the criminal law.