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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).
An electronic bill of lading (or eB/L) is the legal and functional equivalent of a paper bill of lading. [28] An electronic bill of lading must replicate the core functions of a paper bill of lading, [29] namely its functions as a receipt, as evidence of or containing the contract of carriage and as a document of title. [citation needed]
The conditions of sale included a "retention of title" clause. Bond Worth Ltd went into receivership when a large sum of money was owing to Monsanto Ltd under various contracts containing the "title" clause. Monsanto Ltd notified the receivers of their claim. The receivers contested whether the retention of title clause was valid.
A dispute then arose as to which creditor had better title to the leather - Barclays Bank under the floating charge, or Freudenberg under the retention of title clause. The receivers challenged the clause on the basis that the power to trace title into subsequent products meant that the arrangement was effectively an equitable charge, which was ...
Urdu Science Board (abbreviated as USB) is an academic and literary institution in Pakistan that operates under the National Heritage and Culture Division, Government of Pakistan. It aims to promote scientific and technical knowledge in Urdu language through the publication of books and journals.
Pages for logged out editors learn more. Contributions; Talk; Retention of title clause
The National Hot Rod Association is enforcing a grandfather clause banning energy drink sponsors from entering the sport if they were not sponsoring cars as of April 24, 2008, pursuant to the five-year extension of its sponsorship with Coca-Cola, which is changing the title sponsorship from Powerade to Full Throttle Energy Drink.
[24] [25] The Constitution ultimately established a bicameral Parliament, with the National Assembly as the lower house and the Senate as the upper house. [23] It also established the parliamentary form of government with Prime Minister as its head of government; the elected National Assembly genuinely representing the will of the people. [23]