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17 May 2007
Issue: 7273 / Categories: Features , Commercial
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Horses for courses

The right to reject: did the Law Lords miss a trick? ask Stephen Sly and Paul Clarke

It is a strange fact that modern commerce in Britain owes more to the farmyard than is commonly supposed. Commercial dealings between businesses are still regulated largely by principles drawn up in the 19th century, when disputes tended to centre on the quality and suitability of horses, cattle or produce.

The Sale of Goods Act 1979 (SGA 1979), successor to the Sale of Goods Act 1893, remains the main source of rules on commercial transactions. Since the rules it embodies have existed for so long, interpretation is generally straightforward. But still, novel issues crop up and occasionally the courts have to give guidance.

One issue which has never been resolved to everybody's satisfaction is that of rejection of goods. Now the House of Lords has tried—and arguably failed—to clarify the rules.

THE RIGHT TO REJECT

SGA 1979 implies certain conditions into contracts of sale, breach of which gives the buyer a right to reject the goods supplied and terminate

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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