Themis Essay 887 Flashcards
Risk of Loss
1
Q
An agent is only allowed to do
A
what is within the scope of their agency.
2
Q
An entrustment occurs when an owner or agent delivers a piece of property to another party and
A
acquiesces to that party retaining possession for a period of time.
3
Q
When property is entrusted to a merchant who deals in goods of that kind, the merchant has the power to
A
transfer all rights of the entruster to a buyer in the ordinary course of business.
4
Q
Where an individual in good faith buys a good in the ordinary course of business and without knowledge of any title defect, then that buyer
A
obtains good title and does not bear the risk of loss.
