This paper shows that the traditional equitable doctrine,
which protected the rights of a prepaid buyer of future or unascertained
goods, was wrongly perceived as being overruled by the judgment of a
single Court of Appeal judge. What followed, however, was considerable
judicial reluctance by English courts to remedy this error. The
article examines various legislative and judicial approaches from major
common law jurisdictions around the world that purport to lessen the
potential for injustice created by this judicial caution. Yet despite legislative
intervention in England to provide limited remedies, there has
been a marked reluctance elsewhere to produce the necessary radical
reform suggested by the Law Reform Commission of Ontario. The
position in Ireland is examined and the authors note that the time may
be ripe for a reconsideration of the current statutory provisions in
that jurisdiction.