Understanding the infamous “Romalpa case”will further assist us to tighten our terms and conditions. If we recalled,the Romalpa case relates to the reservation of title clause.
It either states:Clause 1:Ownership to the goods does not pass until the goods are paid for,or
Clause 2:Ownership to the goods does not [...]

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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