[cwmma]

when you pre-pay for something it doesn't necessarily exist yet so it can't be yours yet.

[amelius]

So whenever you pay for something in advance, you should demand that the thing or its components are yours and have that written in contract (?)

And if such a section in a contract is useful for consumers, why wouldn't such a thing be a standard part of consumer protection law?

[kayodelycaon]

In general, this doesn't matter. A great deal of laws basically evaporate in bankruptcy because the company can no longer fulfill its obligations.

As my grandfather said: "You can't get blood from a turnip."

[amelius]

But they might have a warehouse full of bicycle frames, wheels, batteries, etc.

If, in an ideal world, these were marked as mine the moment I paid, then they would belong to me, also in case of an bankruptcy.

[singleshot_]

Well, if you had a first position security interest, properly perfected, you might at least be first in line to try.