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-
Idaho
-
Title 28
-
Chapter 2
-
28-2-403
Idaho Statutes
Search Idaho Statutes
28-2-403 - POWER TO TRANSFER -- GOOD FAITH PURCHASE OF GOODS -- "ENTRUSTING
POWER TO TRANSFER -- GOOD FAITH PURCHASE OF GOODS --
"ENTRUSTING." (1) A purchaser of goods acquires all title which his 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.
(2) Any entrusting of possession of goods to a merchant who deals in
goods of that kind gives him power to transfer all rights of the entruster to
a buyer in ordinary course of business.
(3) "Entrusting" includes any delivery and any acquiescence in retention
of possession regardless of any condition expressed between the parties to the
delivery or acquiescence and regardless of whether the procurement of the
entrusting or the possessor's disposition of the goods has been such as to be
larcenous under the criminal law.
(4) The rights of other purchasers of goods and of lien creditors are
governed by the chapters on secured transactions (chapter 9) and documents of
title (chapter 7).
Click here to visit the Official Idaho State Statutes
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