Book contents
- Frontmatter
- Contents
- Preface
- List of abbreviations
- Table of Statutory Provisions
- Table of Cases
- Part 1 Agency
- Part 2 Sale of Goods and Services
- Part 2 Chapter 1 Sale of Goods Policy
- Part 2 Chapter 2 The Implied Conditions in Sale of Goods Contracts
- Part 2 Chapter 3 The Passage of Title, Delivery and Payment
- Part 2 Chapter 4 The Supply of Goods and Services
- Part 2 Chapter 5 E-commerce and Distance Selling
- Part 3 International Trade and Sales
- Part 4 Tortious Liability for Defective Products
- Part 5 Unfair Commercial Practices
- Part 6 Banking and Finance Law
- Part 7 Consumer Credit
- Bibliography
- Index
- References
Part 2 Chapter 3 - The Passage of Title, Delivery and Payment
from Part 2 - Sale of Goods and Services
Published online by Cambridge University Press: 05 August 2012
- Frontmatter
- Contents
- Preface
- List of abbreviations
- Table of Statutory Provisions
- Table of Cases
- Part 1 Agency
- Part 2 Sale of Goods and Services
- Part 2 Chapter 1 Sale of Goods Policy
- Part 2 Chapter 2 The Implied Conditions in Sale of Goods Contracts
- Part 2 Chapter 3 The Passage of Title, Delivery and Payment
- Part 2 Chapter 4 The Supply of Goods and Services
- Part 2 Chapter 5 E-commerce and Distance Selling
- Part 3 International Trade and Sales
- Part 4 Tortious Liability for Defective Products
- Part 5 Unfair Commercial Practices
- Part 6 Banking and Finance Law
- Part 7 Consumer Credit
- Bibliography
- Index
- References
Summary
Introduction
This chapter considers the issues surrounding the passage of property and risk in goods and the various rules that dictate when the title to the goods moves from the seller to the buyer, a factor that becomes crucial when determining who owns the goods if one of the parties becomes insolvent or the goods are damaged. Allied to this, the chapter also looks at the related topics of the delivery of and payment for goods.
Section 2 provides a background to the topic of the passage of property to goods and the related issue of the passage of risk which dictates who will have to bear the loss if the goods are damaged or destroyed.
Section 3 looks in detail at the rules relating to the passage of property to goods and the statutory rules that exist to determine when the title will pass if the contracting parties have not expressly agreed the matter in the contract. In particular, it looks at Sale of Goods Act 1979, section 17; the section 18 rules; section 19 on reservation of title clauses; and undivided shares in a bulk.
Section 4 considers the passage of risk to the goods and the relationship between the passage of property and the passage of risk.
Section 5 looks at the nemo dat exceptions, i.e., those situations in which a seller of goods who has no title to them can nonetheless pass a valid title to those goods to an innocent third party buyer. In particular, it looks at several of the recognised statutory nemo dat exceptions, namely, estoppel; mercantile agent; seller in possession; buyer in possession; Hire-Purchase Act 1964, s.27; voidable title; sale under court order; and market overt.
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- Commercial LawPrinciples and Policy, pp. 114 - 143Publisher: Cambridge University PressPrint publication year: 2012