[FrankWakefield]

Corey, all,

A good faith purchaser can obtain good title from a seller only if the seller has rightful title to the item. If the seller didn't own it, then the seller can't convey good title to it.

If a collector has something that was stolen from the rightful owner, then the collector doesn't own it, the rightful owner still owns it. The resolution for the good faith purchaser collector would be to get their money back from the seller and return the item back to the rightful owner. The seller could then go back to whoever they bought it from, and on and on.

Only way a good faith purchaser gets good title to something that was stolen would be if he buys it a second time from the rightful owner.


I understand Barry's response to Marc. And Marc could consider simultaneously contacting the Library and whoever he bought the contract amendment from, inquiring about whether it belongs to the library. If it does, then Marc gives it to the library and the seller refunds Marc's money. That would be the high road...