Which of the following rights of an unpaid seller can be exercised only when the buyer has become…
Section 50 permits an unpaid seller who has parted with possession to stop the goods in transit when the buyer becomes insolvent. A lien, resale in appropriate…
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Which of the following rights of an unpaid seller can be exercised only when the buyer has become insolvent and not otherwise?
Answer and explanation
Correct answer C
Section 50 permits an unpaid seller who has parted with possession to stop the goods in transit when the buyer becomes insolvent. A lien, resale in appropriate circumstances, or suit for price is not universally conditional on insolvency.
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