📝 One-liners · 66 cards
Unpaid Seller
Who is an unpaid seller under the Sale of Goods Act, 1930?
An unpaid seller is one to whom the whole price has not been paid or tendered, or where a negotiable instrument received as conditional payment has been dishonored.
Under which Act is the concept of an unpaid seller governed in India?
Sale of Goods Act, 1930 governs unpaid seller rights.
Which sections of the Sale of Goods Act, 1930 define the rights of an unpaid seller?
Sections 45 to 54 of the Sale of Goods Act, 1930 deal with the rights of an unpaid seller against goods.
What is the meaning of 'unpaid' in the context of sale of goods?
Price not paid or negotiable instrument dishonoured.
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