Retention of title: Difference between revisions
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imported>Doug Williamson m (Deletion of See also repair) |
imported>Doug Williamson m (Spacing and category added 20/8/13) |
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''Law.'' | ''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. | 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 law. | 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 law. | ||
[[Category:Regulation_and_Law]] | |||
Revision as of 14:27, 20 August 2013
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 UK law.
