What is meant by "Title to Goods" in a contract?

The phrase "Title to Goods" in a contract refers to the legally recognized ownership of the goods. When a party has title to goods, it means they hold the legal rights to possess, use, and transfer those goods. This ownership is crucial in contracts as it determines who is responsible for the goods and who can sell or transfer them. The notion of title is significant in many legal contexts, especially in sales contracts, as it impacts liability, risk of loss, and the ability to enforce rights related to the goods involved.

In contrast, temporary possession relates more to the physical holding of items without legal ownership, obligations tied to delivery pertain to the responsibilities in the contract but do not confer ownership, and a financial claim might indicate a right to payment or compensation but does not establish ownership of the goods themselves. Thus, the legal ownership conveyed by "Title to Goods" is what sets apart the correct answer, highlighting its importance in commercial contracting.