The 60-Second Test: Retention of Title in a French Insolvency (56-second quiz)
A 56-second INTERCOL quiz on a tablet: five questions about retention of title when a French customer goes insolvent, five seconds each, then the answer.
Chapters
Transcript
Question 1: Your French customer goes into receivership. You have retention of title. Who do you write to? A) The customer's CEO B) The court-appointed administrator C) The French embassy. Answer: The court-appointed administrator. The administrator, by registered letter. If none was appointed, the customer itself. Question 2: How long do you have to claim your goods back? A) 3 months from the judgment's publication B) 1 year C) Until the goods are sold. Answer: 3 months from the judgment's publication. 3 months from publication in the BODACC, the official gazette. Nobody sends you a reminder. Question 3: Your clause is printed only on the invoice. Does it count? A) Yes, always B) Only if it's in French C) Usually not. Answer: Usually not. It must be agreed in writing no later than delivery. Invoices usually arrive after the goods. Question 4: The goods were resold, but that buyer hasn't paid yet. What's left for you? A) Nothing B) The unpaid resale price C) The buyer's warehouse. Answer: The unpaid resale price. Your claim can move to the price the second buyer still owes. Question 5: You're based outside France. How long to declare the rest of your claim? A) 2 months B) 12 months C) 4 months. Answer: 4 months. 2 months from publication, plus 2 more for creditors outside metropolitan France. Stuck on one or two? That's normal. Knowing the next step is our job. INTERCOL. International debt recovery. No cure, no pay.