Retention of title: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Added see also 'Clause' 5/2/14) |
imported>Doug Williamson (Amend reference to law in the UK.) |
||
| Line 3: | Line 3: | ||
A retention of title clause is a term in a contract of sale providing that ownership of the goods will not pass to the buyer until the buyer has paid the seller. | A retention of title clause is a term in a contract of sale providing that ownership of the goods will not pass to the buyer until the buyer has paid the seller. | ||
Also known as a Romalpa clause after the name of the legal case in which the validity of such clauses was first established in UK | Also known as a Romalpa clause after the name of the legal case in which the validity of such clauses was first established in law in the UK. | ||
Revision as of 16:43, 11 March 2015
Law.
A retention of title clause is a term in a contract of sale providing that ownership of the goods will not pass to the buyer until the buyer has paid the seller.
Also known as a Romalpa clause after the name of the legal case in which the validity of such clauses was first established in law in the UK.
