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89 Tul. L. Rev. 517 (2014-2015)

handle is hein.journals/tulr89 and id is 545 raw text is: The Louisiana Good Faith Purchaser Doctrine: Codified Confusion Spencer C. Sinclair* When a nonowner sells a piece ofmovable property to a person who is unaware that the seller is not the owner, who should the law protect: the true owner of the propety or the purchaser who was in good faith? The Louisiana legislature attempted to pass a comprehensive solution to this dilemma in a series of Civil Code articles, collectively called the good faith purchaser doctrine. Before the doctine was operational, however, the legislature repealed the doctine central article. What remains is an incomplete set of rules to guide courts in these troubling circumstances. In light of the resulting case law, this Comment considers the deficiencies of the doctine in its incomplete form and calls on the Louisiana legislature for a cure. I. INTRODUCTION ............................................................................. 518 II. DEVELOPMENT OF THE GOOD FAITH PURCHASER DOCTRINE IN LOUISIANA ............................................................. 518 III. CODIFICATION OF THE GOOD FAITH PURCHASER D O CTRINE .................................................................................... 522 IV THE SOURCE OF THE PROBLEM: THE REPEAL OF ARTICLE 52 0 ............................................................................................... 5 2 6 V LOUISIANA JURISPRUDENCE SINCE THE CODIFICATION OF THE GOOD FAITH PURCHASER DOCTRINE ................................... 527 A. Cases that Fit into Artcle 524 ........................................... 527 B. Cases that Fit into Article 518 ........................................... 529 C RepealedAricle 520 Cases ............................................... 530 1. Livestock Producers .................................................. 530 2. Louisiana Lift ............................................................ 533 VI. REVERTING BACK TO ARTICLE 2452: A REGRESSIVE SO LU TION ..................................................................................... 535 VII. PERFECTING A SECURITY INTEREST UNDER ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE ............................................ 537 V IIL C ONCLU SION ................................................................................ 539 * © 2014 Spencer C. Sinclair. J.D. candidate 2015, Tulane University School of Law; B.A. 2011, University of Colorado. I owe a special thanks to Professor Vernon Valentine Palmer for his insight and comments, Vice Dean Ron Scalise for laying the groundwork in this area of law, the members and staff of the Tulane Law Review for their endless time and effort, and my father, Scott C. Sinclair, for showing me what good writing looks like through his own work. 517

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