2.42 Nemo dat

2.42 Nemo dat

12th Grade

6 Qs

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2.42 Nemo dat

2.42 Nemo dat

Assessment

Quiz

Financial Education

12th Grade

Easy

Created by

Deeky Mvula

Used 1+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the nemo dat rule in sales law?

A seller can transfer ownership of goods they don't legally own

A buyer cannot acquire ownership if the seller lacked a perfect title

A buyer can acquire good ownership even if the seller lacked a perfect title

A seller can transfer ownership of goods they don't legally own

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which situation can a buyer be estopped from claiming ownership of a sold item?

If the seller lacked a perfect title

If the buyer was aware of the seller's lack of ownership

If the buyer never informed the true owner that the item was theirs

If the buyer acted in good faith

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what circumstance can a buyer acquire full ownership even if the agent oversteps their authority?

If the agent has a perfect title to the goods

If the buyer is aware of the agent's actions

If the agent informs the buyer of their actions

If the buyer is unaware of the agent's overstepping

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When can a buyer keep an item purchased in good faith, even if the seller had a faulty claim to ownership?

If the buyer knew about the faulty claim

If the true owner takes legal action to void the sale

If the buyer bought the item at a discounted price

If the buyer was unaware of the faulty claim

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if a seller accidentally sells the same item twice?

The seller is penalized for the mistake

The buyer who pays more becomes the rightful owner

The buyer who takes possession first becomes the rightful owner

The seller can reclaim the item from both buyers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what condition can a new buyer acquire full ownership rights when an item is resold with the original seller's consent?

If the new buyer is aware of the original sale

If the original seller revokes their consent

If the new buyer acts in good faith

If the original seller sells the item at a higher price