1. Where the ownership of the movable property sold is retained by the seller pending the payment of all installments of the price in full, the buyer shall acquire such ownership on payment of the last installment and the buyer shall bear the consequences of the perishing of the item sold from the time of its delivery to him. 2. Without prejudice to the provisions stipulated in the Bankruptcy Law, the condition related to the retention of ownership shall take effect vis-à-vis a third party unless it is executed in writing in the form of an agreement prior to such third party's right arises out.
Interpretation and application must be checked against the official text and current version.