A Retention of Title Clause is a prudent precaution, particularly when operating a business which routinely supplies goods on credit. The most common type of retention of title clause is the “all monies” or “current account” retention clause. This is used where the business is in an ongoing commercial relationship with the buyer of the.
In these uncertain times many businessmen are transferring assets, frequently including the family home, to their wives. The hope is that in so doing these assets will be put out of reach of their creditors, usually the Banks. But how effective are such transfers? The law has moved with the times and new laws have.
In order to validly execute a document such as a contract, deed or Will, a person must have the Legal Capacity to do so. This means that a person must have the ability to understand the nature of the document he or she is signing, and the consequences that will flow from doing so. Legal.