retention of ownership

retention of ownership
A device normally incorporated into a supply contract or terms and conditions of sale whereby ownership does not pass to the buyer until money owing is paid and the seller can recover goods from the buyer (or receiver or administrator) if those goods are not paid for or where the buyer commits an act of insolvency.

Easyform Glossary of Law Terms. — UK law terms.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • retention of title — A seller of goods will often wish to retain ownership of goods until the money for those goods (or even all money owed to him by the buyer) has been paid. In addition he may seek to recover possession of the goods if the buyer becomes insolvent… …   Law dictionary

  • ownership — noun 1. the relation of an owner to the thing possessed; possession with the right to transfer possession to others (Freq. 4) • Derivationally related forms: ↑owner • Hypernyms: ↑relation • Hyponyms: ↑community, ↑ …   Useful english dictionary

  • right of retention — index possession (ownership) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • LOST PROPERTY — (Heb. avedah u meẓi ah; lit. lost and found ). The Basis of the Law Lost property, called avedah, is property which has passed out of its owner s possession and whose whereabouts are unknown to him. Both criteria must exist together for the… …   Encyclopedia of Judaism

  • Te Ture Whenua Māori Act 1993 / Māori Land Act 1993 — Infobox NZ Legislation short title= Te Ture Whenua Maori Act 1993 / Maori Land Act 1993 long title= An Act to reform the laws relating to Maori land in accordance with the principles set out in the Preamble to this Act. introduced by= date passed …   Wikipedia

  • Farmland development rights in Suffolk County, New York — Suffolk County, New York, comprises the eastern portion of Long Island and borders Nassau County on the west. The remainder of Long Island is occupied by Queens County and Kings County, which are part of New York City.Suffolk County is more than… …   Wikipedia

  • List of Nike missile locations — Nike Missile family, From left, MIM 3 Nike Ajax, MIM 14 Nike Hercules, LIM 49 Nike Zeus. Map of all coordinates from Google …   Wikipedia

  • Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …   Wikipedia

  • dominion — do·min·ion /də min yən/ n 1 a: supreme authority: sovereignty b: a territory over which such authority is exercised c often cap: a self governing nation (as Canada) of the Commonwealth other than the United Kingdom that acknowl …   Law dictionary

  • Homeowner association — Picture of a condo building undergoing periodic maintenance in Japan. For a discussion of nonprofit, voluntary neighborhood advocacy groups, see neighborhood association. A homeowner association is a corporation formed by a real estate developer… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”