Retention of title: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand for reservation of title.) |
imported>Doug Williamson (Amend to UK spelling.) |
||
| Line 1: | Line 1: | ||
''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 | 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 fulfils certain obligations, usually payment of the purchase price. | ||
Also known as a ''reservation of title'' clause. | Also known as a ''reservation of title'' clause. | ||
Latest revision as of 20:39, 3 September 2018
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 fulfils certain obligations, usually payment of the purchase price.
Also known as a reservation of title clause.
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.
