(b) If the act was subject to a resolutory condition at the time of its formulation;

(b) If the act was subject to a resolutory condition at the time of its formulation.”

(b) If the act was subject to a resolutory condition at the time of its formulation;

That is, once the resolutory condition takes effect, the rights and obligations of the seller that regains ownership are identical to those of the retention-of-title seller.

It may happen “that a State formulates a promise for a period of 10 years or makes the promise subject to a resolutory condition.

In other words, once the resolutory condition takes effect, the rights and obligations of the seller that regains ownership are identical to those of the retention-of-title seller.

Pero, si la posibilidad de revocación no surge del contexto del acto jurídico unilateral ni de su naturaleza, la promesa unilateral y la renuncia unilateral son, en principio, irrevocables” (a State formulates a promise for a term of 10 days or subjects it to certain resolutory conditions.

A seller may also transfer title to a buyer with a proviso that the buyer's title will be retroactively extinguished if it fails to pay the agreed purchase price (the sale is under a “resolutory condition”); or, a seller may transfer title to a buyer, but take a security right in the asset being sold.

The regimes in these States recognize the distinctive character of these various transactions involving title: sellers are still permitted to engage in retention-of-title or resolutory sale transactions, and lenders are still permitted to engage in secured transactions or sale transactions with a right of redemption.

Second, a creditor's right in tangible assets under a retention-of-title sale, sale under resolutory condition, hire-purchase agreement, financial lease or similar transaction will be considered to be an acquisition security right and be regulated by the same rules that would govern an acquisition security right granted to a lender.