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Law- Unpaid Seller
Essay specific features
Written by:
Mary G
Date added:
September 8, 2013
Level:
University
Grade:
A
No of pages / words:
7 / 1902
Was viewed:
1710 times
Rating of current essay:
Essay content:
A seller who has been partly paid is also considered as an unpaid seller for part unpaid.
Rights of an Unpaid Seller
Subject to the provision of this act the rights of an unpaid seller can be studied under two heads:
1. When the property in the goods has passed to the buyer: Section 46(1) lays down that notwithstanding that the property in the goods may have passed to the buyer, the unpaid seller of goods, as such, has by implication of law-
(a) a lien on the goods for the period while he is in possession of them,
(b) in case of the insolvency of the buyer a right of stopping the goods in
transit after he has parted with the possession of them...
displayed 300 characters
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When the property in the goods has passed to the buyer: Section 46(1) lays down that notwithstanding that the property in the goods may have passed to the buyer, the unpaid seller of goods, as such, has by implication of law-
(a) a lien on the goods for the period while he is in possession of them,
(b) in case of the insolvency of the buyer a right of stopping the goods in
transit after he has parted with the possession of them...
displayed 300 characters
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