Under Section 47(1) in The Sale of Goods Act, 1930, the unpaid seller of goods who is in possession of…
Section 47(1) of the Sale of Goods Act, 1930 recognises the unpaid seller's lien in each of the three circumstances: no agreed credit, expiry of agreed credit, and the…
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Under Section 47(1) in The Sale of Goods Act, 1930, the unpaid seller of goods who is in possession of them is entitled to retain possession of them until payment or tender of the price in the following cases
Answer and explanation
Correct answer D
Section 47(1) of the Sale of Goods Act, 1930 recognises the unpaid seller's lien in each of the three circumstances: no agreed credit, expiry of agreed credit, and the buyer's insolvency. The seller may retain possession until the price is paid or tendered.
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