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Searching all Ugandan Acts. Comprehensive results.
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(1)Where there is a contract for the sale of specific goods, or where goods are subsequently appropriated to the contract, the seller may, by the terms of the contract or appropriation, reserve the right of disposal of the goods until certain conditions are fulfilled.
(2)Where the seller reserves the right of disposal of the goods under subsection (1), then, notwithstanding the delivery of the goods to the buyer, or to a carrier or other bailee for the purposes of transmission to the buyer, the property in the goods does not pass to the buyer until the conditions imposed by the seller are fulfilled.
(3)Where goods are shipped, and by the bill of lading the goods are deliverable to the order of the seller or his or her agent, the seller is prima facie taken to reserve the right of disposal.
(4)Where the seller of goods draws on the buyer for the price, and transmits the bill of exchange and bill of lading to the buyer together to secure acceptance or payment of the bill of exchange'
(a)the buyer is bound to return the bill of lading if he or she does not honour the bill of exchange; and
(b)where the buyer wrongfully retains the bill of lading, the property in the goods does not pass to him or her.
A seller can include a term in the contract or in the process of setting aside goods for the buyer that reserves ownership until the buyer meets speci...
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Searching within Sale of Goods and Supply of Services Act. Faster results.