Right of Lien is one of the Unpaid Seller's Rights. Under which circumstances mentioned below, an…
Under section 47(1)(b), the seller cannot exercise a lien where "The goods have been sold on Credit and the credit period has not expired"
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Right of Lien is one of the Unpaid Seller's Rights. Under which circumstances mentioned below, an unpaid seller is precluded from exercising the Right of Lien?
Answer and explanation
Correct answer B
Under section 47(1)(b), the seller cannot exercise a lien where "The goods have been sold on Credit and the credit period has not expired"
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