Out of the following persons which of the following does not come under the definition of the lsquo ...........

Commercial and Business Laws Sale of Goods Act

Out of the following persons which of the following does not come under the definition of the ‘’unpaid seller’’ as per Chapter V of Sale of Goods Act:

A seller to whom the whole of the price has not been paid or tendered

A seller to whom more than half of the price has been paid or tendered

A seller who has received a bill of exchange as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise.

A seller who has received a negotiable instrument as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise

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Explanation:

A seller who has received a bill of exchange as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise.