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#20
07-02-2009, 08:44 PM
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Think of it this way. When has the "Title" to the card transferred from the consignor. Answer: It hasn't.
Yes, the buyer is at risk. Here's an example that's more common, but very similar. My car is worth $10,000. I sell it to you for that price and give you the car. I don't pay off the bank for the loan on the car. A couple months later you get a knock on the door from the bank asking for their car back. Guess who gets the car? I should add a link proving this. 
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