Under the Sale of Goods Act, 1930, lien arises when buyer:
Under SOGA s.47(1)(c), the lien arises when the buyer becomes insolvent, even before the credit term expires, not merely on delay in payment or refusal of delivery.
Choose your answer
Under the Sale of Goods Act, 1930, lien arises when buyer:
Answer and explanation
Correct answer B
Under SOGA s.47(1)(c), the lien arises when the buyer becomes insolvent, even before the credit term expires, not merely on delay in payment or refusal of delivery.
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