FLOOR-PLAN RULE

FLOOR-PLAN RULE

floor-plan rule. The principle by which a vehicle owner who has placed for sale a vehicle in a retail dealer’s showroom is estopped to deny the title of an innocent purchaser from the dealer in the ordinary course of retail dealing. [Cases: Estoppel 75. C.J.S. Estoppel ¡ì¡ì 118¨C119.]
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