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New York Statute - Uniform Commercial Code § 2-403, Power to Transfer, Good Faith Purchase of Goods, "Entrusting"
N.Y. U.C.C. § 2-403 (Consol. 2007)
New York's U.C.C. § 2-403 provides, in pertinent part, that any entrusting of possession of goods to a merchant who deals in that kind of goods gives him power to transfer all rights of the entruster to a buyer in the ordinary course of business. “Entrusting” is defined to include any delivery and acquiescence in retention of possession.
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