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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?

AExplanation:
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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Suggested Answer: A

by Laurel at Jun 20, 2024, 02:45 PM

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Chantell

7 days ago

The Romalpa clause, eh? I bet the lawyers had a field day coming up with that one.

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Yolande

9 days 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

11 days ago

Ah, the Romalpa clause, sounds like something straight out of a Marvel movie!

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Junita

18 days 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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Hannah

24 days ago

So, the retention of title clause is about when ownership transfers from supplier to buyer?

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Pete

26 days ago

Yes, that's correct. It's related to a legal case from 1976.

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Angella

27 days ago

I think the retention of title clause is also known as the Romalpa clause.

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