10. Partly effective Transfers

(1) If Property is Transferred by a Person who is not its owner, and who does not Transfer it under the authority or with the consent of the owner, the Transferee acquires no better title to the Property than the Transferor had.

(2) If a Transferee enters into a Transfer of Property as described in subsection (1) in circumstances where, as a direct result of anything said or done by the owner, the Transferee believes in Good Faith that the Transferor either is the owner or is acting under the authority or with the consent of the owner, the Transferee acquires the title that the Transferee would have acquired had the Transferor been acting under the authority or with the consent of the owner.

(3) If a Contract of Sale is for unascertained Property, title to the Property is not Transferred to the Transferee unless and until the Property is ascertained.

(4) If by a Contract of Sale the Transferor purports to effect a present Sale of future Property, the contract operates as an agreement to Sell the Property.