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International Law
Which issues hinge on the timing of title passage to the buyer in an international sale of goods transaction?
- Risk of loss: Transfer of title affects the parties' rights in the event of total or partial loss and damage or destruction of the goods.
- Rejection of goods: Once it has occurred, transfer of title may preclude the buyer from rejecting the goods despite valid complaints of quality, quantity or description.
- Payment for goods: Once the buyer acquires title, the seller can sue the buyer for non-payment.
- Rights of action: After acquiring title, the buyer can enforce its property rights against others through court action or otherwise.
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