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United Kingdom unascertained goodscertainty of subject mattertracing

Re Goldcorp Exchange Ltd

[1995] 1 AC 74
JurisdictionUnited Kingdom
CourtJudicial Committee of the Privy Council (on appeal from New Zealand)
Year1995
StatusPersuasive authority

Key Principle

The Privy Council held that a purchaser of unascertained goods who has paid in advance has no proprietary interest in a mixed bulk; title passes only on appropriation, and no trust arises over unascertained goods.

Area of Law

trusts

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