What is the retention of title clause also known as?
The Answer Is:
Answer:
See the answer in explanation.
This question includes an explanation.
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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