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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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Chantell
2 months ago
The Romalpa clause, eh? I bet the lawyers had a field day coming up with that one.
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Thurman
6 days ago
Interesting, I didn't know about the Romalpa case.
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Verona
10 days ago
That's right, it stands for retention of title.
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Wendell
20 days ago
I heard it's also called the ROT clause.
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Lindsey
1 months ago
Yeah, lawyers love their fancy terms.
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Yolande
2 months ago
Retention of title, huh? Sounds like a fancy way of saying 'I'm not letting go of this thing until you pay up!'
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Yong
2 months ago
Ah, the Romalpa clause, sounds like something straight out of a Marvel movie!
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Effie
2 months ago
Yes, it's interesting how legal terms can sometimes sound like they belong in a movie.
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Una
2 months ago
I know, it does sound like something out of a superhero movie!
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Junita
2 months 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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Hoa
1 months ago
It's interesting how legal terms can have unique names like Romalpa clause.
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Jaime
1 months ago
The Romalpa clause is related to when ownership transfers from supplier to buyer.
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Lucina
1 months ago
It's named after a legal case between Aluminum industries Vaassen BV and Romalpa Aluminum LTD.
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Yoko
2 months ago
Yes, the retention of title clause is also known as the Romalpa clause.
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Hannah
2 months ago
So, the retention of title clause is about when ownership transfers from supplier to buyer?
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Pete
2 months ago
Yes, that's correct. It's related to a legal case from 1976.
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Angella
3 months ago
I think the retention of title clause is also known as the Romalpa clause.
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Chantell
2 months agoThurman
6 days agoVerona
10 days agoWendell
20 days agoLindsey
1 months agoYolande
2 months agoYong
2 months agoEffie
2 months agoUna
2 months agoJunita
2 months agoHoa
1 months agoJaime
1 months agoLucina
1 months agoYoko
2 months agoHannah
2 months agoPete
2 months agoAngella
3 months ago