Hi Guys.
just a quick question, hopefully someone can provide a quick answer on the following. (have not called for legal advice just yet).
We are manufacturers. We sold product to a customer who has since gone bankrupt. Administrators have stepped in and have control of the company.
Our agreement to the customer, and on all invoices stated, that "Good remain the property of CompanyX, until paid for in full".
All the products from our last invoice to them are now listed on grays online for auction.
After calling the company they responded with, the administrators have advised us that if its within our building the products are ours.
Are they legally allowed to unload products in this situation on grays, when the entire stock supplied to them on the invoice is sitting in auction listings? total invoice value is approx $7000.00
Thanks.
Sounds like you may need legal advice - saying that is it worth the cost of legal advice to recover $7k? Probably not. I suspect you are screwed.