- retention of title
A seller of goods will often wish to retain ownership of goods until the money for those goods (or even all money owed to him by the buyer) has been paid. In addition he may seek to recover possession of the goods if the buyer becomes insolvent or the goods appear to be otherwise imperilled. If the goods are in their original form, enforcement is relatively easy. However if the goods have been processed or sold, then claiming ownership of mixed goods or the proceeds of sales can be legally problematic.
Easyform Glossary of Law Terms. — UK law terms.
- retention of title
A contractual provision by which, in its simplest form, the passing of title in goods supplied under the contract is made conditional on payment of the full purchase price by the buyer. Also known as a Romalpa clause, following the Court of Appeal decision in Aluminium Industrie Vaasen BV v Romalpa Aluminium Limited, the first leading case concerning the device ( 1 WLR 676).Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
retention of title as security — The right of the vendor under an executory contract for the sale of land, holding the legal title in trust for the purchaser, subject to the payment of the purchase money in accordance with the terms of the contract. 55 Am J2d V & P § 355 … Ballentine's law dictionary
title financing — a form of lending over goods One of the defects of the law governing the creation of security rights over goods and chattels is the requirement that for the security to be validly constituted, either the cumbersome registration procedures must be … Law dictionary
Title retention clause — A retention of title clause (also called a Romalpa clause in some jurisdictions [Named after the decision in Aluminium Industrie v Romalpa  1 WLR 676] ) is a provision in a contract for the sale of goods that the title to the goods remains… … Wikipedia
title retention note — A note given by the purchaser of property, one of the terms of which provides for the retention of title in the seller until payment of the note. 11 Am J2d B & N § 202 … Ballentine's law dictionary
Retention and protention — are key aspects of Edmund Husserl s phenomenology of temporality. Our experience of the world is not of a series of unconnected moments. Indeed, it would be impossible to have an experience of the world if we did not have a sense of temporality.… … Wikipedia
title retention — the holding of title by a seller after possession has been given to the buyer. In the law of sale, property on goods and chattels passes on delivery and, in the absence of specific terms in the contract to the contrary, does so even where the… … Law dictionary
Title 15 of the United States Code — outlines the role of the commerce and trade in the United States Code.Notable legislation in the title includes the Federal Trade Commission Act, the Clayton Antitrust Act, the Sherman Antitrust Act, the Securities Exchange Act of 1934, the… … Wikipedia
Title 21 CFR Part 11 — of the Code of Federal Regulations deals with the FDA guidelines on electronic records and electronic signatures in the United States. Part 11, as it is commonly called, defines the criteria under which electronic records and electronic… … Wikipedia
Title 2 of the United States Code — outlines the role of Congress in the United States Code.Chapter 1usctc|2|1|pipe=Chapter 1 mdash; Election of Senators and Representatives * mdash; Time for election of Senators * mdash; Election to be certified by governor * mdash;… … Wikipedia
Retention of vision vanish — In the Retention of Vision Vanish, the magician places a coin or small object between the fingers and the thumb of the right hand. The left hand is palm up with the palm slightly tilted towards the audience. The right approaches and displays the… … Wikipedia