Question: Aleris International, Inc., signed a contract to buy a John Deere loader from Holt Equipment Co. The agreement provided that despite physical delivery of the

Aleris International, Inc., signed a contract to buy a John Deere loader from Holt Equipment Co. The agreement provided that “despite physical delivery of the equipment, title shall remain in the seller until” Aleris paid the full price. The next month, Aleris filed for bankruptcy. Holt filed a claim with the court to repossess the loader. Holt asserted that it was the owner. Who is entitled to the loader, and why?

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Aleris is entitled to the loader Under the UCC any explicit understanding between the buyer and the ... View full answer

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