2.403 – POWER TO TRANSFER; GOOD FAITH PURCHASE OF GOODS;
Texas Business and Commerce Code § 2.403
Summary
This law clarifies the rights of purchasers regarding the transfer of goods. It allows buyers to acquire full title from sellers, even if the seller has a limited or voidable title, provided the buyer acts in good faith and pays value.
Purchasers gain full title from sellers with power to transfer.
Voidable title allows transfer to good faith purchasers.
Delivery of goods under purchase grants power to the buyer.
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In simple terms: Learn about Texas's POWER TO TRANSFER; GOOD FAITH PURCHASE OF GOODS; law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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