This is a brief excerpt from the document you requested from IFAR’s Art Law & Cultural Property Database.
Statute
Uniform Commercial Code, U.C.C. § 2-403, Power to Transfer; Good Faith Purchase of Goods; "Entrusting"
Citation
U.C.C. § 2-403 (1998)
Summary
This U.C.C. provision establishes the general rule that a transferor of goods can only convey that title which he has the power to convey. The exception is that a transferor with voidable title has the power to convey good title to a good faith purchaser for value even if certain conditions are present in the transaction
Click here to subscribe to IFAR's Art Law & Cultural Property Database to access this and other documents about U.S. and international legislation and case law concerning the acquisition, authenticity, export, ownership, and copyright of art objects.
