Ownership Transfer Systems in European Law
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Consensual Transfer Systems
In a consensual transfer system, ownership passes the moment the contract of sale is made. The contract itself transfers ownership of the object to the buyer; this is also called the “solo consensus rule.”
French Law and the Solo Consensus Rule
In French law, the obligation to transfer an object is performed by the sole consensus between the contracting parties. It makes its creditor the owner and places the object at the latter’s risk the moment it ought to have been transferred, even if a transfer of possession has not taken place. This system differs from the Roman system and is based on moral relations between people. It is favorable to commerce because it does not need corporal delivery of the object; intent... Continue reading "Ownership Transfer Systems in European Law" »