Protection of Businesses Act, 1978
R 385
Convention on International Interests in Mobile Equipment Act, 2007 (Act No. 4 of 2007SchedulesSchedule 2 : ProtocolChapter I : Sphere of Application and General ProvisionsArticle V - Formalities, effects and registration of contracts of sale |
| (1) | For the purposes of this Protocol, a contract of sale is one which— |
| (a) | is in writing; |
| (b) | relates to an aircraft object of which the seller has power to dispose; and |
| (c) | enables the aircraft object to be identified in conformity with this Protocol. |
| (2) | A contract of sale transfers the interest of the seller in the aircraft object to the buyer according to its terms. |
| (3) | Registration of a contract of sale remains effective indefinitely. Registration of a prospective sale remains effective unless discharged or until expiry of the period, if any, specified in the registration. |
