text_combined: bslseagbtmimasseyacnz dear colleagues school accountancy research seminar topic sale goods act 1908 passing property rules specific goods time reform 100 years presenter trish osullivan venue qb7 date wednesday 9 april 2008 time 12noon 200pm abstract sale goods act 1908 passing property rules specific goods time reform 100 years new zealand sale goods act 1908 adopted united kingdom act 1893 act one hundred years old rules surrounding passing property goods never amended sale goods contract governed act one parties agree transfer ownership goods seller buyer transfer property concept central act rules act designed enable parties pinpoint exact time property transferred crucial issue particularly cases one parties become insolvent goods damaged destroyed one party purports deal goods owner third party becomes involved sales goods delivery payment simultaneous disputes ownership unlikely law needs provide certainty cases delivery payment delayed separated parties made agreement property pass act provides unless agreement otherwise risk passes property section 19 act contains primary rule provides property goods passes parties intend pass common contracts contain reservation title clauses retaining ownership seller purchase price paid act also provides property pass goods unascertained respect specific goods act sets four rules operate presumptions determine property pass parties intention clear circumstances parties intention clear first presumption default rule states property specific goods passes contract made irrespective whether payment delivery occurred presumption reflect common commercial thinking case reforming rule containing presumption property passes payment perhaps delivery goods situations parties intention clear consideration rationale behind rule limitations rationale effectiveness rules application courts assist answering question seminar open interested staff students massey members community profession industry please forward email colleagues associates may interested information obtain copy paper please contact glenyss jones extension 9220 twybupnmassey conz details seminar available httpwwwaccountancymasseyacnzresearchseminarstimetable_auckalnd html trish osullivan school accountancy college business massey university albany tel 64 9 4140800 ext 9462 thu 07 aug 2008 230047 1300 school accountancy research seminar