📝 One-liners · 66 cards
UNPAID SELLER & CONDITIONS AND WARRANTIES
Who is defined as an 'unpaid seller' under the Sale of Goods Act, 1930?
A seller is unpaid when the whole price has not been paid or tendered, or a bill of exchange or other negotiable instrument given as conditional payment has been dishonoured.
What constitutes 'payment' to remove the unpaid seller status under the Sale of Goods Act?
Full unconditional payment or acceptance of negotiable instrument
What are the three rights of an unpaid seller against the goods under the Sale of Goods Act?
An unpaid seller has three rights against the goods: right of lien, right of stoppage in transit, and right of resale.
What is the right of withholding delivery available to an unpaid seller?
Seller can refuse delivery when property has not passed to buyer
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for UNPAID SELLER & CONDITIONS AND WARRANTIES.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days