Multiple Choice Questions on Under the Sale of Goods Act 1930 the right of an unpaid seller to retain possession of the goods sol........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

Under the Sale of Goods Act 1930 the right of an unpaid seller to retain possession of the goods sol...........

Commercial and Business Laws Sale of Goods Act
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    Under the Sale of Goods Act, 1930, the right of an unpaid seller to retain possession of the goods sold and refuse to deliver the goods to the buyer until the buyer has paid the price is termed as:

    the right of stoppage in transit

    Incorrect Answer

    the right of resale

    Incorrect Answer

    the right of estoppel

    Incorrect Answer

    the right of lien

    Correct Answer
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    Explanation:

    - The right of lien allows an unpaid seller to keep possession of goods until payment is received.

    - The right of stoppage in transit gives the seller the ability to stop goods in transit after being shipped if the buyer is insolvent.

    - The right of resale permits the seller to resell the goods if the buyer fails to pay or breaches the contract.

    - The right of estoppel prevents a party from contradicting a position previously taken if others acted upon it.

    Correct Answer: Option 4 - the right of lien

    By: Rohit Middha
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