Transfer of corporeal moveables

Question 1

Armour v Thyssen

Answer 1

1. Clauses which provide that title to goods supplied does not pass to a buyer until monies on all accounts have been paid are effective to retain title
2. The decision was made despite the fact that such clauses do in a sense give the seller security for unpaid debts

Question 2

National Employers Mutual General Insurance Association Ltd v Jones

Answer 2

1. Where the seller (Alan) is in the process of buying the goods from the owner (Tom), and has possession but not ownership, he can pass Tom’s title to a good faith third party (Beth)
2. Tom must be the owner, and can’t be a thief
3. The person who was in the process of selling the first sale must be the owner
4. In this case, the first seller was a thief

Question 3

Craufurd v Royal Bank

Answer 3

1. A good faith acquirer becomes the owner of coin and bank notes