Kernrechtsfrage
Whether the gold supplied by X.________ SA to Y.________ SA passed into Y.________ SA's ownership under the parties' contract.
Extrahierter Entscheid
The cantonal court found the parties did not intend an immediate transfer of ownership; the supply was therefore not a sale with a later repurchase of scrap.
Extrahierte Begründung
In a reform appeal, the Federal Court was bound by the lower court's factual finding of the parties' real intent. Since that intent excluded a transfer of ownership upon delivery, the legal construction advanced by the appellant failed.