Sale of Goods Act 1979: Primary legislation governing sale of goods, covering transfer of title, quality and fitness for purpose, and rights and remedies between parties
Law of Property Act 1925: Regulates transfer of legal title and sets requirements for contracts relating to land/real property if applicable to the asset purchase
Common Law Contract Principles: Fundamental principles governing contract formation, consideration, and terms and conditions under English law
Consumer Credit Act 1974: Regulates credit agreements and provides consumer protection measures, including licensing requirements when one party is a consumer
Value Added Tax Act 1994: Covers VAT implications and tax treatment of installment payments in asset purchases
Finance Act: Current finance act addressing tax considerations and stamp duty implications for asset transfers
Enterprise Act 2002: Addresses competition law aspects that may be relevant to the asset purchase
Money Laundering Regulations 2017: Sets out due diligence requirements and payment verification procedures for asset transactions
Late Payment of Commercial Debts (Interest) Act 1998: Governs default interest provisions and payment terms for commercial transactions
Romalpa Principles: Common law principles regarding retention of title clauses, security interests, and remedies for breach in installment sales
