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 §§ 118–119.]

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词条贡献者

资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。