The retailer or trader should be able to pass all the ownership rights or title in the products to you.
This means they guarantee:
- they have the right to sell the products
- no other person has a claim or right over those products,
- you have the right to undisturbed possession of the products ,eg the products can’t be repossessed by a finance company if they have a registered security interest on those products.
- You buy consumer products on credit. The finance company may repossess products under certain conditions , eg payments not being made and you have been told that repossession is a possibility and given a copy of this in writing.
- If you didn’t pay the full price for the products at the time you bought them and before you bought the products:
- you were told about the possibility of the products being taken off you if you do not pay the balance within a certain time; and
- you were given a copy, or the relevant part of a document telling you about this (Romalpa clause).
Traders can still sell second-hand products with a registered security interest, but they must disclose this to you, before you buy.
Read Loans and credit to find out more.