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The use of contracts has become attractive to many farmers because the arrangement can offer both an assured market and access to production support. Contract farming is also of interest to buyers, who seek supplies of products for sale further along the value chain or for processing.
Lucy v. Zehmer, 196 Va. 493; 84 S.E.2d 516 (1954) was a court case in the Supreme Court of Virginia about the enforceability of a contract based on outward appearance of the agreement. It is commonly taught in first-year contract law classes at American law schools.
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A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).
There are many types of such equipment, from hand tools and power tools to tractors and the farm implements that they tow or operate. Machinery is used in both organic and nonorganic farming. Especially since the advent of mechanised agriculture , agricultural machinery is an indispensable part of how the world is fed.
It continued as such until 1994, when Tenneco divested it as the Case Equipment Corporation. Case Equipment became Case Corporation and later Case LLC . In 1999, Case LLC merged with New Holland Agriculture to form CNH Global , a Fiat Group division, which has since been demerged into a corporation that is majority-owned by Fiat Industrial .
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