Sale of Goods Act 1979: Primary legislation governing sale of goods transactions, defining rights and obligations of buyers and sellers, rules for transfer of title, and implied terms about quality and fitness for purpose
Supply of Goods and Services Act 1982: Legislation relevant for any related services provided as part of the transaction
Financial Services and Markets Act 2000: Regulatory framework for financial institutions acting as escrow agents and regulations regarding holding money on behalf of others
Trustee Act 2000: Legislation governing trustee duties, relevant as the escrow agent acts as a trustee of the funds/goods
Consumer Rights Act 2015: Legislation protecting consumer rights, applicable if one party is a consumer rather than a business
Money Laundering Regulations 2017: Regulations ensuring compliance with anti-money laundering requirements in financial transactions
Electronic Commerce (EC Directive) Regulations 2002: Regulations governing electronic transactions and digital commerce
Contracts (Rights of Third Parties) Act 1999: Legislation concerning the rights of third parties in contractual arrangements, relevant for the escrow agent's position
Data Protection Act 2018 and UK GDPR: Legislative framework for handling personal data of the parties involved in the transaction
Common Law - Contract Principles: Fundamental principles including formation, consideration, intention to create legal relations, and capacity
Common Law - Agency: Legal principles governing the duties and obligations of the escrow agent as an agent
Common Law - Trust: Legal principles regarding fiduciary duties of the escrow agent as a trustee
