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Levi, a Well-Known Lumber Dealer with a Good Reputation, Buys

Question 61

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Levi, a well-known lumber dealer with a good reputation, buys a load of lumber and pays for it with a check that is later dishonored. Sam, who is unaware of the bad check, buys the lumber from Levi. Sam is a(n)


A) good faith purchaser.
B) bad faith purchaser.
C) insolvent purchaser.
D) bailee.

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