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Essay Details:
Essay text:
Anyone who purchased the art or thought they had ownership were denied any rights over the litigious property due to the nemo dat rule.
There are exceptions to the nemo dat rule. These are.
1 special powers of sale
2 voidable title
3 seller in possession
4 buyer in possession
5 agency circumstances.
Special powers of sale confers good title on the buyer which prevails over the claims of the original owner. For example, goods confiscated in breach of customs regulations, abandoned motor vehicles, goods left in a hotel room and on public transport can all be sold lawfully.
Voidable title states that if a contract is merely voidable and not void, the right to sell cannot be exercised if the goods have been sold to a buyer acting in good faith and without notice of the sellers defective title...
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