Ommercial Law Coursework (question is given on order instruction)

Goldcorp Ltd supplies gold bullion bars to trade purchasers. GT Jewellers Ltd manufactures gold jewellery for supply to retailers throughout the UK and regularly order gold bullion from Goldcorp Ltd on a monthly basis. In August, September and October 2012 Goldcorp Ltd supplied GT Jewellers Ltd with a repeat order of 2 kilos of 24 carat gold at a price of A?34,000 per kilo. Payment terms were 30 days after delivery but payment has only been made for the August delivery. Goldcorp Ltd have now been advised that GT Jewellers Ltd have gone in to liquidation, owing them A?136,000 for the September and October deliveries of gold.
Goldcorp Ltdas terms and conditions of sale, which were agreed by GT jewellers Ltd, contain the following retention of title clauses:
i) Until full payment has been received by the Company for all goods whatsoever supplied at any time by the Company to the Buyer:

(a) property in the goods shall remain in the Company and such goods must be marked as belonging to the company and stored separately

(b) should the goods be converted into a new product whether or not such conversion involves the admixture of any other goods or thing whatsoever and in whatever proportions the conversion shall be deemed to have been effected on behalf of the Company and the Company shall have the full legal and beneficial ownership of the new products

(c) the Buyer shall be at liberty to sell the goods and the new products in the ordinary course of business on the basis that the proceeds of sale shall belong to the Company

Goldcorp Ltd have ascertained that GT Jewellers Ltd hold the following on their premises and have advised the liquidator that they wish to claim ownership under the terms of their retention of title clause:
i) 1 kilo of gold in their vault, stamped with Goldcorp Ltdas seals
ii) A tank containing 2 kilos of melted gold bullion
iii) 150 gold and diamond engagement rings worth A?5,000 each
iv) A?25,000 representing proceeds of sale of gold by GT Jewellers Ltd to another jewellery manufacturer
Advise Goldcorp Ltd as to their prospects of successfully relying on their retention of title clause to recover the goods noted above and proceeds of sale.

Instructions for submission
Word Length
Students are required to submit their written coursework through studynet.
The module team will set out the maximum word count a 1,500 words. Footnotes are NOT included in the page/word count and the bibliography is also outside the page/word count.
Students who exceed the number of words specified (even by one word), will receive a maximum mark of 40% for that piece of coursework

The recommended textbook for purchase is Sealy & Hooley Text, cases and Materials on Commercial Law. There are a number of journals and online resources relevant to Commercial law, including The Company Lawyer and the Journal of Business Law. The most useful electronic resource is Practical Law for Companies.