Transfer of ownership

Description

Mind Map on Transfer of ownership, created by Terataki on 04/27/2014.
Terataki
Mind Map by Terataki, updated more than 1 year ago
Terataki
Created by Terataki about 11 years ago
65
1

Resource summary

Transfer of ownership
  1. Corporeal moveables
    1. Donation and exchange
      1. A in civil possession either actual delivery to B or instructed to hold for the benefit of B
        1. Constructive delivery
        2. Delivery and actual intention
          1. Actual delivery
          2. Transit by ship: A hand to B the bill of landing
            1. Symbolic delivery
          3. Sale
            1. Sale of Goods Act 1979
              1. s.16 - 18 Rules of transfer
                1. s.17 Retention of title: Armour v Thyssen: std security not created until actual possession
                2. s.25 good faith
            2. Incorporeal property
              1. Transfer
                1. Assignation {writing not required}
                  1. intimation or other act given to the debtor
                    1. Real rights- by registration or possession
                      1. if no intimation the assignation - not completed
                        1. Assignatus utitur jure auctoris
                          1. Assignation does not worsen the position of the debtor
                          2. Problems with transfer
                            1. A does not own the property - void title
                              1. Fraud or undue influence- voidable
                                1. 16-18: prejudicial transaction
                                  1. Gift to defeat creditors B(S)A '85 s.34
                                    1. Transfer in breach of obligation not to do so
                                      1. VOIDABLE= valid until is set aside
                                        1. Exceptions to the nemo dat
                                          1. Situations where original title is given or transferred
                                            1. Accretion
                                              1. Involuntary transfers
                                                1. personal bar
                                                  1. statutory provisions regarding sale of goods
                                                2. Mercantile agents
                                                  1. can pass a title to a purchaser in good faith without notice of their lack of authority if in possession with the owners consent and acting in the ordinary course of Business
                                                  2. hire purchase cars
                                                    1. h.p. agreement in good faith
                                                    2. Invalidity of contract
                                                      1. Exception for the rule penalising private knowledge of a prior right
                                                        1. Rodger (Builders) Ltd v Fawdry {bad faith}
                                                          1. Narrow exception: the bad faith of the grantee is punished in limited circumstances
                                                            1. Trade Development Bank v Crittall Windows - court applied bad faith exception but competing rights not correlative
                                                            2. Corporeal moveables
                                                              1. Default rule: risk will pass with ownership SGA s.20
                                                              2. Incorporeal property Guarantee covers
                                                                1. existence of the right being assigned
                                                                  1. cedent's own title to the right
                                                                  2. Remedies against the transferor- warrandice
                                                                    1. Valid title to the buyer
                                                                      1. Title free from encumbrances {except immaterial or known to buyers at date of conclusion of c,}
                                                          2. Acquisition
                                                            1. Derivative: from an existing owner
                                                              1. Original: without previous ownership
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