Question

If a purchaser buys goods in a voidable sale an proceeds to sell the goods to a buyer, when does the buyer acquire the goods in good faith?

A) When the goods are transferred
B) Upon written acknowledgment from the seller
C) Within a reasonable period of the sale
D) After the goods have been paid for

Answer 1

A seller of goods can reassure a buyer with imperfect information through warranties, returns/exchanges, and testimonials/reviews.

Step-by-step explanation:

A seller of goods can reassure a possible buyer who is faced with imperfect information in several ways:

1. Provide warranties or guarantees: The seller can offer assurances regarding the quality, performance, or condition of the goods, and promise to repair or replace them if any issues arise.
2. Allow for returns or exchanges: By offering a hassle-free return policy, the seller can give the buyer confidence that they can change their mind or return the goods if they are not satisfied.
3. Provide testimonials or reviews: Sharing positive feedback from previous customers can help build trust and reassure the buyer that others have had a positive experience with the goods.