☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 28 Aug 1963 bottom

  400.2-403.  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 have 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 articles of secured transactions (article 9), bulk transfers (article 6) and documents of title (article 7).

­­--------

(L. 1963 p. 503 § 2-403)


---- end of effective   28 Aug 1963 ----

use this link to bookmark section  400.2-403


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Pictures Contact

Other Links
Oversight MOLIS Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@17:35:53.3 29 :)