Asked by taylor bhend on Mar 10, 2024



Which of the following is necessary to be considered a good faith purchaser?

A) The purchaser must act honestly.
B) The purchaser must give value for the item.
C) The purchaser must take the goods without notice or knowledge of any defect in the title of the transferor.
D) All of these are necessary.

Good Faith Purchaser

An individual who buys property without knowledge of any existing claims or defects, and thereby obtains legal protection.

Knowledge of Defect

Awareness of a flaw or imperfection in a product or service before a transaction or agreement.

  • Explain the conditions required to be considered a good faith purchaser under the Uniform Commercial Code (UCC).

Verified Answer

Deegii Tsolmonbaatar

Mar 10, 2024

Final Answer :
Explanation :
All of these conditions (acting honestly, giving value for the item, and taking the goods without notice of any defect in title) are necessary to be considered a good faith purchaser.