- What is unpaid seller Lien?
- What are the remedies of unpaid seller?
- How will you exercise the right of stoppage in transit if you are an unpaid seller?
- Who is getting rights of resale?
- When the right of lien can be exercised by the seller?
- What is the effect of sub sale or pledge by buyer on the rights of unpaid seller?
- When can an unpaid seller resell the goods?
- What are the rights of an unpaid seller against goods?
- Who is called unpaid seller under Sales of Goods Act?
- What are the remedies available to a seller for breach of a contract by the buyer?
- What are the duties of unpaid seller?
What is unpaid seller Lien?
Under the terms of an unpaid seller’s lien, vendors who haven’t received full payment for the goods or services that they’ve promised to their buyers retain an interest in the property..
What are the remedies 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…
How will you exercise the right of stoppage in transit if you are an unpaid seller?
The unpaid seller may exercise its right of stoppage either by taking actual possession of the goods or by giving notice of the seller’s claim to the carrier or other bailee who has possession of the goods while in transit.
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.
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.
What is the effect of sub sale or pledge by buyer on the rights of unpaid seller?
PROVIDED that where a document of title to goods has been issued or lawfully transferred to any person as buyer or owner of the goods, and that person transfers the document to a person who takes the document in good faith and for consideration, then, if such last mentioned transfer was by way of sale, the unpaid …
When can an unpaid seller resell the goods?
If a buyer fails to pay the price within the decided time, then unpaid seller has the right to stop the goods in transit. The unpaid seller has the right to resell the goods. 1. Suit for price 2.
What are the rights of an unpaid seller against goods?
When the buyer or his agent obtain possession of the goods lawfully. By waiver. This right is an extension to the right of lien. The right of stoppage in transit means that an unpaid seller has the right to stop the goods while they are in transit, regain possession, and retain them till he receives the full price.
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.
What are the remedies available to a seller for breach of a contract by the buyer?
Seller’s remedies against buyeri. Suit for Price.ii. Damages for non-acceptance.i. Damages for Non- Delivery.ii. Remedy for Breach of Warranty.iii. Specific Performance.i. Suit for repudiation of contract before date or anticipatory breach.ii. Interest by way of damages and special damages.
What are the duties of unpaid seller?
Duties of an Unpaid SellerDuty to inform the buyer in case of dishonor of cheque or other negotiable instrument.Duty to deliver back the goods after the payment has been made after the exercise of right to stoppage in transit.Duty to give notice to the carrier or bailee in possession of the goods, or to his principal for stoppage in transit.More items…•