"Graham Murray" wrote:
Bill Payer writes:

"Watford Electronics's stock remains in the hands of administrators,
giving unsecured creditors hope of seeing some of the £3.5m they were
owed when the firm collapsed earlier this week."

[added crosspost to uk.legal]

In the light of retailers going out of business and customers whose
money has been taken but the goods not received losing out, would it
not be a good idea for the law to change so that title in the goods
passes when the retailer receives the payment? Often in the small
print, it states that the retailer retains title until payment has
been made (which is aimed at business customers who pay on invoice
rather than payment with order), so it should not be inequitable for
that to be extended so that, where payment is made before the goods
are shipped, title passes to the customer when payment is received.

Not an answer to your question but:
http://www.savastore.com/
http://www.savastore.com/letter.html