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Q.

Who is an unpaid seller? Explain the rights of an unpaid seller.

Asked by ajayakumar nayak, 02 Mar '09 05:46 pm
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Answers (3)

1.

Akhileshkumar_gyan@rediffmail.com
Answered by GOPAL KUMAR, 01 May '10 06:35 am

 
  
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2.

The seller of goods is deemed to be an "unpaid seller" within the meaning of this Act -
(a) when the whole of the price has not been paid or tendered;
(b) when a bill of exchange or other negotiable instrument has been received as conditional payment, and the condition on which it was received has not been fulfilled by reason of the dishonor of the instrument or otherwise.
(2) In this Chapter, the term "seller" includes any person who is in the position of a seller, as, for instance, an agent of the seller to whom the bill of landing has been endorsed, or a consignor or agent who has himself paid, or is directly responsible for, the price.

Unpaid seller's rights-(1) Subject to the provisions of the Act and of any law for the time being in force, notwithstanding that the property in the goods may have passed to the buyer, the unpaid seller of goods, as such, has by implications of law -

(a) a lien on the goods for the price while he is in possession of them;

(b) in case of t ...more
Answered by Vidhya, 02 Mar '09 05:51 pm

 
  
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3.

As the name suggests one who has sold on credit is the unpaid seller and therefore he has a right of getting back the physical possession of the goods so sold.
Answered by SRINIVASAN N, 02 Mar '09 05:49 pm

 
  
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