nach seiner Wahl zum Verzicht auf den Eigentumsvorbehalt insoweit verpflichtet

English translation: shall release the retention of title, at its own discretion, up to the amount by which ...

15:09 Mar 25, 2008
German to English translations [PRO]
Law/Patents - Law: Contract(s) / General terms and conditions
German term or phrase: nach seiner Wahl zum Verzicht auf den Eigentumsvorbehalt insoweit verpflichtet
Hi all, my problem lies in the passage below, which comes from a set of general sale, payment and delivery conditions. From my reading, the words "nach seiner Wahl" and "verplichtet" seem contradictory - how can it be discretionary and obligatory for the Seller at the same time? I can't make sense of it (!) and would be grateful for assistance.


"Auf Verlangen des Bestellers ist der Verkäufer nach seiner Wahl zum Verzicht auf den Eigentumsvorbehalt insoweit verpflichtet, als die Summe der Nettokaufpreise der unter Eigentumsvorbehalt stehenden Kaufgegenstände sämtliche Forderungen des Verkäufers aus der Geschäftsbeziehung um 20% übersteigt oder für die übrigen Forderungen aus der laufenden Geschäftsbeziehung anderweitig eine bankübliche Sicherung besteht oder bestellt wird."
greville
Germany
Local time: 20:29
English translation:shall release the retention of title, at its own discretion, up to the amount by which ...
Explanation:
The vendor can choose (i.e. at its/his/her own discretion) which items to release from the retention of title.

The vendor does not decide whether to waive/release the retention of title (in fact he is obliged to do so), the discretion only applies to the choice of which items.
Selected response from:

Victor Dewsbery
Germany
Local time: 20:29
Grading comment
Thanks very much!
4 KudoZ points were awarded for this answer



Summary of answers provided
4shall release the retention of title, at its own discretion, up to the amount by which ...
Victor Dewsbery
3After opting to waive the retention of title, the seller shall ...
Friderike Butler


Discussion entries: 2





  

Answers


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
After opting to waive the retention of title, the seller shall ...


Explanation:
Er hat die Wahl auf den Eigentumsvorbehalt zu verzichten und diese Entscheidung bringt dann eine Verpflichtung mit sich.

Friderike Butler
United States
Local time: 14:29
Specializes in field
Native speaker of: German
PRO pts in category: 28
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
shall release the retention of title, at its own discretion, up to the amount by which ...


Explanation:
The vendor can choose (i.e. at its/his/her own discretion) which items to release from the retention of title.

The vendor does not decide whether to waive/release the retention of title (in fact he is obliged to do so), the discretion only applies to the choice of which items.

Victor Dewsbery
Germany
Local time: 20:29
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 191
Grading comment
Thanks very much!
Login to enter a peer comment (or grade)



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