The two sides of title retention clauses : the caterpillar case / Akhileshwar Pathak.

Format:

Book

Author/Creator:

Pathak, Akhileshwar, 1960- author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Business logistics--Case studies.

Business logistics.

Contracts--Case studies.

Contracts.

Genre:

Case studies.

Physical Description:

1 online resource.

Other Title:

2 sides of title retention clauses

Place of Publication:

London : Indian Institute of Management, Ahmedabad, 2019.

System Details:

text file

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.

Notes:

Originally Published InPathak, A. (2019). The Two Sides of Title Retention Clauses: The Caterpillar Case. IIMA/BP0428. Ahmedabad, India: Indian Institute of Management, Ahmedabad.

Description based on XML content.

ISBN:

9781529752939

1529752930

OCLC:

1228916945

Access Restriction:

Restricted for use by site license.