Len Vidgen Ski & Leisure Ltd v Timaru Marine Supplies (1982) Ltd - [1986] 1 NZLR 349

Sale of goods — Romalpa clause — Conditions of sale contained reservation of ownership clause: title not to pass to buyer until payment had been made; if buyer sells goods prior to payment, proceeds of sale to become property of supplier — Goods delivered to buyer but supplier unpaid when buyer went into receivership — Whether supplier entitled to proceeds of goods sold by buyer before receivership — Whether supplier entitled to proceeds of goods sold by receiver — Sale of Goods Act 1908, s 21(1).