Pennsylvania Statutes

§ 2401 — Passing of title; reservation for security; limited application of section

Pennsylvania·Title 13 COMMERCIAL CODE·Ch. 24 TITLE, CREDITORS AND GOOD FAITH PURCHASERS

Each provision of this division with regard to the rights, obligations and remedies of the seller, the buyer, purchasers or other third parties applies irrespective of title to the goods except where the provision refers to such title. Insofar as situations are not covered by the other provisions of this division and matters concerning title become material the following rules apply:

(1)Identification of goods and reservation of title.--Title to goods cannot pass under a contract for sale prior to their identification to the contract (section 2501), and unless otherwise explicitly agreed the buyer acquires by their identification a special property as limited by this title. Any retention or reservation by the seller of the title (property) in goods shipped or delivered to the buyer is li

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Legislative History

(Apr. 16, 2008, P.L.57, No.13, eff. 60 days) 2008 Amendment.Act 13 amended par. (3)(i). Cross References.Section 2401 is referred to in sections 1201, 2106, 9102, 9109, 9110, 9309 of this title.

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