The unpaid seller has right of stoppage of goods in transit only where the buyer:
The buyer's insolvency triggers an unpaid seller's right of stoppage in transit under section 50. The seller must have parted with possession, and the goods must still be in…
Choose your answer
The unpaid seller has right of stoppage of goods in transit only where the buyer:
Answer and explanation
Correct answer A
The buyer's insolvency triggers an unpaid seller's right of stoppage in transit under section 50. The seller must have parted with possession, and the goods must still be in transit; the seller can resume and retain possession until payment or tender. Mere refusal to pay or fraud is not the statutory insolvency trigger.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
Gujarat Assistant Professor (Law)
-
CUET PG Law (LL.M.)
Subject revision