The Code has expanded the rights of good faith purchasers with respect to sales by minors.

Good Faith Purchasers

Individuals who buy property without knowledge of any existing claims or defects on the property, thus they are protected under the law.

Sales by Minors

Transactions where individuals under the legal age of majority sell goods or services, which may have specific legal restrictions or considerations.

Acquire knowledge of the basic principles governing sales under the Uniform Commercial Code (UCC), with attention to specific rules applicable to sales by minors and bulk transactions.
Recognize how the UCC addresses good faith purchases and sales involving minors or entities lacking authority.

Verified Answer

Final Answer :

True

Explanation :

The Code has expanded the rights of good faith purchasers with respect to sales by minors.

Learning Objectives

Acquire knowledge of the basic principles governing sales under the Uniform Commercial Code (UCC), with attention to specific rules applicable to sales by minors and bulk transactions.
Recognize how the UCC addresses good faith purchases and sales involving minors or entities lacking authority.