Lecture9

Transferonsale（P56-60）Whendoesownershippassinaprocessofpurchasingabookfromabookstore?

Legalconsequences: Mustpaythemoneyfirst(aconditionincontract)Thebookmustbeexistent(thebookshavebeenproducedbyfactory)andbeidentifiable(thebookshavebeenselectedfromthepileofcopiesinthestoreroomandbeenpickedout,orpacked,orsentoff,ordelivered,tothebuyer)Thesellerisnolongerownerbindstheseller’strusteeinbankruptcy,soevenifthepriceislowerthanthemarketvaluethetrusteemustsurrenderthethinginreturnforthemoney.(p.57)Riskfallsontheowner,ThethingisavailableonlytothecreditorsofitsownerSellerorbuyerinpossessionmaysellthethingtoathirdparty.+總結(jié)：財產(chǎn)法探討各種財物在交易中的所有權的轉(zhuǎn)移，轉(zhuǎn)移的有效時間，因為這涉及到相關財產(chǎn)權/債權人的權益，財物風險的承擔、以及第三人的權益。手續(xù)土地、股份、專利與商標，必須登記注冊貨物，口頭或書面合同應收賬款通知債務人基金中的利益，通知受托人貨物的狀態(tài)：現(xiàn)存的，可以確認（屬于購買人）的

符合雙方合意的支付所以財產(chǎn)法不是一部單獨的立法，它的基本原則浸透在許多法律中，土地法、土地登記法、公司法（股權轉(zhuǎn)讓），知識產(chǎn)權法（權利的獲得與轉(zhuǎn)讓）、貨品買賣法中（貨品權利的轉(zhuǎn)讓），合同法（e.g.,specificperformanceofacontractagainstsomeone）,幾乎所有的民商法，都有財產(chǎn)法的原則條款。Goods(P57)Example:AsignedacontracttosellaTVtoB.Bpaidthefullprice.BeforeBtakestheTV,AthensoldthecartoC,whoisingoodfaith.Principlesinsaleofgoodslaw（58）

1．Ownershipofunspecificorinexistentthingscannotbetransferred2Thepropertyinspecificgoodsinadeliverablestatepassestothebuyerwhenthecontractismade（whentheyintendittopass）,eventhoughtheyarestillwiththesellerandhavenotbeenpaidfor..3.Butthebuyer’spromisetopaythepricedoesnotmakethesellerownerofthebuyer’smoney,becauseofcourseitisrelatedtoanarithmeticalamountofgenericentity——money——ownershipwhichcanpassonlywhenspecificcashishandedover,achequeissuedandmet,orsomecreditoperationperformed4.DefaultprovisionoftheSaleofGoodsAct,ifnotmodifiedbytheparties,makesthebuyerownerofspecificgoodsevenbeforetheyaredelivered,andsoisliabletopaythepriceandruntheriskoftheirdestruction.5.Agoodfaiththirdpartywhogetsdeliveryofthegoodsisasprotectedasifthetransferhadbeenauthorizedbytheowner,whiletheoriginalbuyercouldsuethesellerforbreachofcontractandforconvertinghisproperty,buthecannotclaimagainstthethirdparty.(Propertybecomeacontract)“Possessionisasgoodastitle”.LandP.59Theseller’spromiseisperformedbytheexecutionofadeedoftransferwhichmakesthebuyertheformal‘legal’owner,onpaymentoftheprice,thisishandedover.Thebuyerthenappliedtothelandregistrytobeenteredasproprietorofthefeesimple(orofthe‘termofyears’ifaleaseholdinterestistransferred)(p.60)Registrationagainstthewholeworld,registrationdoesforlandwhatpossessiondoesforgoods,ModelCase5(P60):Saleoflandwithfurniture

Roles:A、B、CandaJudge

AsoldB$100,000forhouseand$10,000forfurniture,Possible1.Orally,nosignedwritingcontract,anddidnotregister,----furniturebelongstoBbutnotthehousePossible2.A&Bthenrecordtheiragreementfullyinwriting,dullysignedcontract-----BothfurnitureandhousebelongtoB,sincethecourtmayorderaspecificperformanceofA’sobligationtoconveyherestatetoBPossible3.InbreachofhercontractwithB,AsoldC150,000forhouseand15,000forfurniture,Cactsingoodfaithandtakethepossession..

ThefurniturebelongstoC,B’sonlyremedyforitslossisanactionfordamagesthepricehewastohavepaid,the$5000.FortheHouse,ifBdidnotregisterthecontract,thepositionissameabove,IfBregisteredanoticeofcontractinthelandregister,hecanobtainaspecificperformanceofacontractagainstsomeonewithwhomhenevermadeacontractbutwhoboughtahousewithhisknowledge,orcouldhaveknown,reallybelongedtoB.Bcantakethehousebypaying100,000toC,butthefurnitureisstillbelongstoC.CwillhavetolooktoAtorecoverthe5