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CALIFORNIA CORPORATE & SECURITIES LAW

Liability For Stolen Goods: A Four Thousand Year Old And Still Unsolved Problem

Suppose a businessman purchases inventory from a warehouse and then resells it.  Suddenly, the owner of the goods appears and seeks compensation for her goods on the basis that the warehouse had converted the goods.  The businessman protests that he acted in good faith, had no knowledge of the conversion and had paid full value…

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