Because the transfer of ownership in contracts for sale of goods depends on the parties' intention, it is possible for the parties to agree that ownership will be reserved to the seller until the occurrence of some specified event. This includes the making of full payment by the buyer, even if payment is due after delivery. This right is enshrined by the Sale of Goods legislation.
In this example, the term included in Albert's agreement will be effective. This means that ownership of the forklift will not be transferred to Albert until he has paid the final instalment to Bridget. The importance of such a term is that, if Albert fails to pay for the forklift after having taken delivery, Bridget can repossess it, by asserting her ownership rights, rather than having to rely on the contractual right to payment.