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Exam L4M8 Topic 1 Question 37 Discussion
CIPS Exam L4M8 Topic 1 Question 37 Discussion
Actual exam question for CIPS's L4M8 exam
Question #: 37
Topic #: 1
[All L4M8 Questions]
What is the retention of title clause also known as?
A
Explanation:
Retention of title (ROT) states when ownership transfers from supplier to buyer.
The retention of title terms also referred to as the Romalpa clause, which is related to a legal case from 1976 between Aluminum industries Vaassen BV and Romalpa Aluminum LTD
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Junita
2 days ago
The retention of title clause is also known as the Romalpa clause? I wonder what kind of name is that?
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Hannah
8 days ago
So, the retention of title clause is about when ownership transfers from supplier to buyer?
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Pete
10 days ago
Yes, that's correct. It's related to a legal case from 1976.
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Angella
11 days ago
I think the retention of title clause is also known as the Romalpa clause.
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Junita
2 days agoHannah
8 days agoPete
10 days agoAngella
11 days ago