IEquatables implementation only called if the base Equals is overridden

I have the following class

    class Product : IEquatable<Product>
{
    public Guid Id { get; set; }
    public bool Equals(Product other)
    {
        return Id.Equals(other.Id);
    }
}

If i try and create a unique list of the items of a list as follows

            Guid a = Guid.NewGuid();
        List<Product> listA = new List<Product>();
        listA.Add(new Product(){Id = a});

        List<Product> listB = new List<Product>();
        listB.Add(new Product()
        {
            Id = a
        });
        Debug.Assert(listA.Union(listB).Count()==1);

two items are returned, this occurs until I override the object.Equals method, once i do this and my code is as follows

class Product : IEquatable<Product>
{
    public Guid Id { get; set; }
    public bool Equals(Product other)
    {
        if (ReferenceEquals(null, other)) return false;
        if (ReferenceEquals(this, other)) return true;
        return other.Id.Equals(Id);
    }

    public override bool Equals(object obj)
    {
        if (ReferenceEquals(null, obj)) return false;
        if (ReferenceEquals(this, obj)) return true;
        if (obj.GetType() != typeof (Product)) return false;
        return Equals((Product) obj);
    }

    public override int GetHashCode()
    {
        return Id.GetHashCode();
    }
}

my IEquatable Equals method is now called, but only if i override the base method, furthermore if i put a breakpoint on the object equals method it is never called.

Why is this?

----UPDATE

So with the product class

    class Product : IEquatable<Product>
{
    public Guid Id
    {
        get;
        set;
    }
    public bool Equals(Product other)
    {
        return Id.Equals(other.Id);
    }

    public override int GetHashCode()
    {
        return Id.GetHashCode();
    }

}

If