Transfer of title Flashcards
What is bailment?
Bailor transfer possession to the bailee to hold property on their behalf
What is attornment?
The passing off constructive possession from one party to another
A (bailor) puts stock in Bs (bailee’s) workshop
A sells stock to C but asks B to store and deliver them on behalf of A
What are the main types of goods involved in a sale of goods transaction? (5)
- Future
- existing
- specific goods
- unascertained goods
- Ascertained goods
Can s12(1) SoGA seller right to sell be excluded? Law?
Cannot be excluded – s6 UCTA
In B2C, cannot be excluded – s31(1) CRA
Definition of future goods? Law?
Goods that ae to be manufactured / sourced by the seller, after the sale is entered into
S5 SoGA
Existing goods definition?
Already owned / possessed by seller
S5 SoGA
Specific goods definition?
Parties are able to identify the goods when the contract is made
S61
Which pieces of legislation concern when property passes?
S16 SoGA
S17 SoGA
S18 SoGA
S16
No property will pass to buyer until unascertained goods become ascertained
(subject to s20A SoGA)
What is the exception to s16 SoGA?
S28 SoGA
What should you do if the problem question does not concern unascertained goods?
Go straight to s17 SoGA
S17
Where sale is for specific / ascertained goods, property is transferred when the parties intended
S17(2)
Must consider the terms of the contract, conduct, and the circumstances of the case to determine intention
S18
If no intention clear, rules applied for ascertaining intention of the parties
S19
For specific goods, seller may reserve right of disposal until certain conditions are fulfilled
S18 rule 1
Where unconditional contract for specific goods, property passes when contract entered into
S18 rule 2
Specific goods: where seller must put goods in deliverable state, property passes when goods made deliverable and buyer is notified
S18 rule 3
Specific goods in deliverable state: where seller must weigh / measure / test goods to ascertain price, property does not pass until this is done and buyer notified