2.401 – PASSING OF TITLE; RESERVATION FOR SECURITY;
Texas Business and Commerce Code § 2.401
Summary
This section outlines how title to goods is transferred between sellers and buyers, emphasizing that rights and obligations exist regardless of title. It clarifies the conditions under which title becomes significant in transactions not covered by other provisions.
Rights and obligations exist regardless of title to goods.
Title becomes material only in specific situations.
Rules for title apply when not covered by other provisions.
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In simple terms: Learn about Texas's PASSING OF TITLE; RESERVATION FOR SECURITY; law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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