(1) Any assumption by a person of any of the rights of an owner amounts to an appropriation, and this includes, where he or she has come by the property (whether innocently or not) without stealing it, any later assumption of a right to it by keeping or dealing with it as owner.
(2) Where property, or a right or interest in property is, or purports to be transferred for value to a person acting in good faith, no later assumption by him or her of the rights which he or she believed himself or herself to be acquiring shall, by reason of any defect in the transferor's title, amount to theft of the property.