"NEMO DET QUOD NON HABET" Meaning
"NEMO DET QUOD NON HABET - This Latin maxim means that "No one can give who possesses not." Meaning- The General Rule is: "No man can sell goods and give a good title unless he is the owner of the goods." Section 27 has protected the interest of the TRUE OWNER of the goods by making the law that where the goods are sold by a person who is not the owner of the goods and who does not sell them under the authority or with the consent of the true owner, the buyer acquires no better title to the goods than the seller had. If the title of the seller is defective, the buyer's title will also be subject to the same defect. Therefore a buyer cannot acquire a superior title to that of the seller. If the seller was not the owner of the goods, then he cannot transfer the ownership rights to the buyer i.e. "No Man can pass a Better Title than he himself has." Examples: X stole a car and sold it to Y. Y bought it in good faith and without knowledge of defect...