New Zealand Forest Products Ltd v Pongakawa Sawmill Ltd - [1991] 3 NZLR 112

Contract — Sale of goods — Romalpa clause — Conditions of sale stipulating that property not to pass until payment made — Logs purchased converted into sawn timber without payment — Whether vendor retained property in sawn timber — Whether contract created only a charge, void for lack of registration — Purchaser going into receivership — Sale of Goods Act 1908, ss 19 and 21.