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Unit 4: Unpaid Seller.pdf

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Preview of Unit 4: Unpaid Seller
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📊 Size: 457 KB
📄 Pages: 24 pages
⬇️ Downloads: 121

Summary

The Sale of Goods Act, 1930, defines an unpaid seller as one who has not received the full payment for goods sold. An unpaid seller has rights against the goods and the buyer, including the right of lien, stoppage in transit, and resale. The right of lien allows the seller to retain possession of the goods until payment is made, while the right of stoppage in transit enables the seller to regain possession of the goods if the buyer becomes insolvent. The seller can also sue the buyer for the price, damages, and interest. The Act outlines the conditions under which these rights can be exercised, including when the property in the goods has passed to the buyer and when it has not.

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Description

The Sale of Goods Act, 1930, defines an unpaid seller as one who has not received the full payment for goods sold.

Technical Information

  • File Format: PDF
  • File Size: 457 KB
  • Pages: 24
  • Language: EN
  • Total Downloads: 121
  • Last Updated: 2 weeks ago

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