2403 - Power to transfer; good faith purchase of goods; "entrusting."

     § 2403.  Power to transfer; good faith purchase of goods;                "entrusting."        (a)  Transfer of title.--A purchaser of goods acquires all     title which his transferor had or had power to transfer except     that a purchaser of a limited interest acquires rights only to     the extent of the interest purchased. A person with voidable     title has power to transfer a good title to a good faith     purchaser for value. When goods have been delivered under a     transaction of purchase the purchaser has such power even     though:            (1)  the transferor was deceived as to the identity of        the purchaser;            (2)  the delivery was in exchange for a check which is        later dishonored;            (3)  it was agreed that the transaction was to be a "cash        sale"; or            (4)  the delivery was procured through fraud punishable        as larcenous under the criminal law.        (b)  Transfer by merchant entrusted with possession of     goods.--Any entrusting of possession of goods to a merchant who     deals in goods of that kind gives him power to transfer all     rights of the entruster to a buyer in ordinary course of     business.        (c)  Definition of "entrusting".--"Entrusting" includes any     delivery and any acquiescence in retention of possession     regardless of any condition expressed between the parties to the     delivery or acquiescence and regardless of whether the     procurement of the entrusting or the disposition of the goods by     the possessor has been such as to be larcenous under the     criminal law.        (d)  Rights of other purchasers and lien creditors.--The     rights of other purchasers of goods and of lien creditors are     governed by Division 7 (relating to documents of title) and     Division 9 (relating to secured transactions).     (July 9, 1992, P.L.507, No.97, eff. one year)        1992 Amendment.  Act 97 amended subsec. (d).        Cross References.  Section 2403 is referred to in sections     2103, 2702, 2A103, 7209, 7503, 9315 of this title.