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CIPS L4M8 Exam - Topic 1 Question 37 Discussion

Posted by Laurel on Jun 20, 2024 at 02:45 PM

What is the retention of title clause also known as?

Suggested Answer: A

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33 comments · newest first
AN
Andra 11 months ago
Interesting, I didn't know it was linked to a court case!
GL
Glennis 11 months ago
I thought it was just a niche thing.
ER
Erin 11 months ago
Wait, is it really that common?
TE
Teddy 12 months ago
Totally agree, it's important for suppliers.
EL
Elbert 12 months ago
It's also called the Romalpa clause!
MY
Myrtie 12 months ago
I feel like I’ve seen this in past exams, and it definitely relates to how ownership works in sales contracts. Romalpa sounds right!
RO
Robt 1 year ago
Wasn’t there something about a legal case in 1976? I can’t recall the details, but it feels familiar.
SU
Sue 1 year ago
I remember practicing a question about ownership transfer and the Romalpa case, so I think that’s definitely the right term for it.
PA
Patria 1 year ago
I think the retention of title clause is also called the Romalpa clause, but I’m not entirely sure why it’s named that.
LA
Laurel 1 year ago
The retention of title clause... I'm pretty sure that's related to a legal case, but I can't remember the details. I'll have to review my notes to jog my memory on the alternative name for this.
MA
Marshall 1 year ago
Okay, the retention of title clause - I think it has something to do with when ownership transfers from the supplier to the buyer. If I remember correctly, it's also referred to as something specific, but I can't quite recall the term.
MA
Ma 1 year ago
Hmm, the retention of title clause... I remember learning about that, but I'm drawing a blank on the specific name it's also known as. I'll have to think this one through.
BR
Brent 1 year ago
I'm pretty confident I know this one. The retention of title clause is also known as the Romalpa clause, named after a legal case from the 1970s.
CH
Chandra 1 year ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully.
MY
Myra 1 year ago
Hmm, this is a tricky one. I'm not sure how to calculate the predicted licensing costs for years 1 and 2. I'll need to review the information provided more carefully.
KI
Kina 1 year ago
This looks like a tricky SQL question, but I think I can handle it. I'll need to carefully examine the table structures and data to determine the best MERGE statement.
CH
Chantell 2 years ago
The Romalpa clause, eh? I bet the lawyers had a field day coming up with that one.
TH
Thurman 1 year ago
↳ replying to Chantell
Interesting, I didn't know about the Romalpa case.
VE
Verona 1 year ago
↳ replying to Chantell
That's right, it stands for retention of title.
WE
Wendell 1 year ago
↳ replying to Chantell
I heard it's also called the ROT clause.
LI
Lindsey 1 year ago
↳ replying to Chantell
Yeah, lawyers love their fancy terms.
YO
Yolande 2 years ago
Retention of title, huh? Sounds like a fancy way of saying 'I'm not letting go of this thing until you pay up!'
YO
Yong 2 years ago
Ah, the Romalpa clause, sounds like something straight out of a Marvel movie!
EF
Effie 1 year ago
↳ replying to Yong
Yes, it's interesting how legal terms can sometimes sound like they belong in a movie.
UN
Una 1 year ago
↳ replying to Yong
I know, it does sound like something out of a superhero movie!
JU
Junita 2 years ago
The retention of title clause is also known as the Romalpa clause? I wonder what kind of name is that?
HO
Hoa 1 year ago
↳ replying to Junita
It's interesting how legal terms can have unique names like Romalpa clause.
JA
Jaime 1 year ago
↳ replying to Junita
The Romalpa clause is related to when ownership transfers from supplier to buyer.
LU
Lucina 1 year ago
↳ replying to Junita
It's named after a legal case between Aluminum industries Vaassen BV and Romalpa Aluminum LTD.
YO
Yoko 1 year ago
↳ replying to Junita
Yes, the retention of title clause is also known as the Romalpa clause.
HA
Hannah 2 years ago
So, the retention of title clause is about when ownership transfers from supplier to buyer?
PE
Pete 2 years ago
Yes, that's correct. It's related to a legal case from 1976.
AN
Angella 2 years ago
I think the retention of title clause is also known as the Romalpa clause.
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