The two sides of title retention clauses : the caterpillar case /
A very large number of domestic and international commercial sale transactions happen every day. The transactions are done on standard contract terms. The contract terms have been evolving with changing business practices. In a contract of sale of goods, transfer of ownership from the seller to the...
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| Format: | eBook |
| Language: | English |
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London :
Indian Institute of Management, Ahmedabad,
2019.
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| Series: | SAGE business cases
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | A very large number of domestic and international commercial sale transactions happen every day. The transactions are done on standard contract terms. The contract terms have been evolving with changing business practices. In a contract of sale of goods, transfer of ownership from the seller to the buyer is a key moment. It significantly changes the rights and obligations of the parties. A seller could deliver the goods and transfer the ownership to the buyer, and remain unpaid. To protect the seller, in the 1970s, a term was introduced in the contract that the ownership would not transfer to the buyer until the seller was fully paid. FG Wilson (Engineering) Limited v John Holt & Company (Liverpool) Limited. The Caterpillar Case explains that the clause works both ways: if the seller benefits with the protection, he does not get the rights of a seller who has transferred the ownership. |
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| Item Description: | Originally Published InPathak, A. (2019). The Two Sides of Title Retention Clauses: The Caterpillar Case. IIMA/BP0428. Ahmedabad, India: Indian Institute of Management, Ahmedabad. |
| Physical Description: | 1 online resource. |
| ISBN: | 9781529752939 1529752930 |