Jones thereupon sued Tate for the return of the 2016 car. Is Jones entitled to regain ownership of the 2016 car? Explain.
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Jones, a minor, owned a 2016 automobile. She traded it to Stone for a 2017 car. Jones went on a three-week trip and found that the 2017 car was not as good as the 2016 car. She asked Stone to return the 2016 car but was told that it had been sold to Tate. Jones thereupon sued Tate for the return of the 2016 car. Is Jones entitled to regain ownership of the 2016 car? Explain. |
Explanation
Individual S is the person with the voidable title here since the deal was made with a minor. But according to Section 2-403 of the Uniform Commercial Code, the person with the voidable title has the ability to transfer a valid title to a buyer who buys the goods in good faith and for value.
In this case, Individual T has a valid title of ownership of the car. Individual J cannot have the car back form Individual T since Individual T has a valid ownership of the car.
Verified Answer
Individual J cannot regain the ownership of the 2016 car since the ownership of the car has been transferred to Individual T, who bought the car in good faith and for value from Individual S.
