- What are the various rights of unpaid seller?
- What are the rights of lien?
- What is a lien example?
- What is Lien and its types?
- When did the Sale of Goods Act come into existence?
- Which of the following is not the right of an unpaid seller?
- When the right of lien can be exercised by the seller?
- Who is called unpaid seller under Sales of Goods Act?
- Which of the following is the right of unpaid seller of goods?
- What is another word for Lien?
- Who is getting rights of resale?
What are the various rights of unpaid seller?
Such rights of the unpaid seller are additional to the rights against the goods he sold.1] Suit for Price.
2] Suit for Damages for Non-Acceptance.
3] Repudiation of Contract before Due Date.
4] Suit for Interest.
1] Damages of Non-Delivery.
2] Suit for Specific Performance.
3] Suit for Breach of Warranty.More items….
What are the rights of lien?
The right of lien is one of the unpaid sellers right against the goods the property in which is transferred to the buyer. It is the unpaid sellers right to retain the goods until the whole of the price is paid or tendered.
What is a lien example?
A lien is often granted when an individual takes out a loan from a bank to purchase an asset. For example, if an individual purchases a vehicle, the seller would be paid using the borrowed funds from the bank. In turn, the bank would be granted a lien on the vehicle.
What is Lien and its types?
A general lien is a right of one person to retain any property or goods which are in his possession belonging to another person until the promise or liability is discharged. A general lien is available to bankers, factors, attorneys of High Court and policy brokers. …
When did the Sale of Goods Act come into existence?
The Indian Sale of Goods Act, 1930 is a Mercantile Law, which came into existence on 1 July 1930, during the British Raj, borrowing heavily from the Sale of Goods Act 1893.
Which of the following is not the right of an unpaid seller?
To demand back the goods is not right of an unpaid seller. When the seller does not pay the amount, then he does not have any right to demand back the goods.
When the right of lien can be exercised by the seller?
The right of lien can be exercised if the seller is still in possession of the goods even though his capacity is not that of the seller but only that of an agent or bailee of the buyer. charges for the two months, the seller can exercise his right of lien in respect of such goods.
Who is called unpaid seller under Sales of Goods Act?
UNPAID SELLER: ACCORDING to sec45(1) of sale of goods act,seller og the goods is deemed to be unpaid seller: (A) WHEN whole of the price has not been tendered or paid, or (B)WHEN bill of exchange or negotiable instrument has been received as a conditional payment.
Which of the following is the right of unpaid seller of goods?
Differences between right of lien and right of stoppage in transitRight of LienRight of Stoppage in Transit1. The unpaid seller can exercise this right only if he keeps possession of the goods.1. The unpaid seller can exercise this right if he has lost possession of the goods.3 more rows
What is another word for Lien?
liencharge.claim.hold on property.security on property.
Who is getting rights of resale?
Resale where the right of resale is reserved in the contract of sale: If the contract of sale specifies that the seller can resell the goods if the buyer defaults, then the seller reserves his right of sale. He can claim damages from the original buyer even if he does not give a notice of resale to him.