Someone who transfers his property to another.
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In order to obtain title to a chattel from a person who does not own it, the transferor must have had possession, the transferee must have been in good faith, and the owner must not have lost possession involuntarily.
Mancipatio, or formal transfer of property, involved a ceremonial conveyance needing for its accomplishment the presence of the transferor and transferee, five witnesses (adult male Roman citizens), a pair of scales, a man to hold them, and an ingot of copper or bronze.
Further, German law allows the transferor and transferee to agree that the transferor will remain in physical possession of the goods, even though title has passed to the purchaser.
This is because tax law states that if a UK resident transfers assets to a non-domicile and income becomes payable to the non-domicile, the transferor must not have "the power to enjoy" it.
He then struck the scales with the ingot, which he handed to the transferor "by way of price".
The transferee claimed before the magistrate that the thing was his, and the transferor, who was the defendant, admitted the claim.
If an instrument is payable "to order," the signature (endorsement) of the transferor is required.
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