Podcast Location:
Download it here [file size: 21.9 MB]
Categories:
Corporate & Commercial Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast provides an introduction to the way reservation of title (sometimes called 'Romalpa clauses') work. It looks at the concept of security interests in English law, and how to avoid tripping the registration requirements found in legislation.

Outcomes:
After completing the course you will:
  • Understand the legal foundation of reservation of title clauses;
  • Know how reservation of title clauses interact with security interests in English Law;
  • Understand the requirement to register some classes of security interests in order to maintain their priority;
  • Understand the limitations on a purported reservation of title clause and how to avoid the common pitfalls.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Introduction
Legal Principles
Practical Guide
Sources and References:
  • s.17 Sale of Goods Act 1979;
  • s.25 Sale of Goods Act 1979;
  • s.2(1) Factors Act 1889;
  • s.9 Factors Act 1889;
  • s.395 Companies Act 1985;
  • s.860 Companies Act 2006;
  • Aluminium Industrie Vaassen B.V. v Romalpa Aluminium [1976] 1 W. L. R. 676;
  • Re Hallet's Estate (1880) 13 Ch.D 696;
  • Clough Mill v Martin [1985] 1 W. L. R. 111;
  • Hendy Lennox v Puttnick [1984] 1 W. L. R. 485;
  • Re Highway Foods International Ltd [1995] 1 BCLC 209;
  • Compaq Computers Ltd v Abercorn Group Ltd [1991] B.C.C. 484;
  • Helby v Matthews [1895] AC 471;
  • Forthright Finance Ltd v Carlyle Finance Ltd [1997] 4 All ER 90;
  • Re Diplock [1951] AC 251.
Tags:

This podcast is about Romalpa clauses; terms in a contract for the supply of goods or materials that purport to reserve title in the property to the supplier or seller pending payment by the buyer.

Podcast added: 08/04/09

Podcast last reviewed: 2011-03-28

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