Under the Sale of Goods Act, 1930, lien is lost when:
Section 49(1)(b) provides that the unpaid seller loses his lien once the buyer, or his agent, "lawfully obtains possession of the goods". By contrast, section 49(2) says the…
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Under the Sale of Goods Act, 1930, lien is lost when:
Answer and explanation
Correct answer B
Section 49(1)(b) provides that the unpaid seller loses his lien once the buyer, or his agent, "lawfully obtains possession of the goods". By contrast, section 49(2) says the lien is not lost merely because the seller has obtained a decree for the price, and inspection or insurance does not affect it.
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