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nemo dat quod non habet

[Latin: no one can give what he has not got]
The basic rule that a person who does not own property (e.g. a thief) cannot confer it on another except with the true owner’s authority (i.e. as his agent). Exceptions to this rule include the sale of goods in *market overt, sales under statutory powers, and cases in which the doctrine of *estoppel prevents the true owner from denying the authority of the seller to sell.

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