New Jersey § 12a:2-403

§ 12a:2-403.

(1) A purchaser of goods acquires all title which the transferor had or had power to transfer except that a purchaser of a limited interest

acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faith

purchaser for value. When goods have been delivered under a transaction of purchase the purchaser has this power even though (a) the transferor was deceived as to the identity of the purchaser, or (b) the delivery was in exchange for a check which is later dishonored, or (c) it was agreed that the transaction was to be a “cash sale”, or (d) the delivery was procured through fraud punishable under the criminal law. (2) Any entrusting of possession of goods to a merchant who deals in goods of that

kind gives the merchant power to transfer all rights of the entruster to a buyer in ordinary course of business. (3) “ Entrusting ” includes any delivery and any acquiescence in retention of possession regardless

of any condition expressed between the parties to the delivery or acquiescence and

regardless of whether the procurement of the entrusting or the possessor's disposition

of the goods have been such as to be theft under the criminal law. (4) The rights of other purchasers of goods and of lien creditors are governed by

the Chapters on Secured Transactions (Chapter 9) and Documents of Title (Chapter 7).