SW Legal turned his car over to a buyer who presented what appeared to be a valid cashier’s check but, ten days later, turned out to be counterfeit. The police could not locate the car, but SW Legal located it two years later. The car had been resold to Roberts by the passer of the bad check. SW Legal sued Roberts to recover the car under UCC 4-405. The trial court held that 4-405 does not apply to situations like this. Instead the court applied UCC 2-403. Roberts, as a good faith purchaser for value, could retain ownership of the car. SW Legal appealed. Who wins?
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