Legal English Challenge 2024 – Day 3

Read the short text about retention of title clauses, then select the correct option from the list to complete (1) ….. to (10) ….. .

 A „Retention of Title” (ROT) clause is a provision often included in sales contracts, particularly in agreements for the ___1 ___.  Including a retention of title clause in a contract is common in situations where there’s a risk of ___2 ____, insolvency, or financial instability on the part of the buyer. It is a risk ___3 ___ strategy for sellers to ___4 ___ their interest in their property until good and sufficient consideration has been received.

 Under the provision for retention of title, which can usually be found in a payment clause,  a seller of goods or real property seeks to retain ownership, even after ___5 ___ to the buyer, until certain ___6 ___ are met.  In other words a ROT clause stipulates that although physical ___ 7___ of and risk in the subject of the agreement passes to the buyer at the time of delivery, its title ___8 ___ with the seller untill the full payment of the ___9 ___.

 In some cases, contracts may include provisions for enforcement, identification of goods, ___10___ sales, registration requirements, risk and responsibility, and cross-border considerations within the ROT clause.

Now, press the START button to select the correct option from the list to complete (1) ….. to (10) ….. .