Under Section 47 of the Sale of Goods Act, 1930, the seller can exercise lien :
The seller can exercise a lien when the buyer becomes insolvent. Section 47 of the Sale of Goods Act, 1930 allows an unpaid seller in possession to retain the goods in this…
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Under Section 47 of the Sale of Goods Act, 1930, the seller can exercise lien :
Answer and explanation
Correct answer C
The seller can exercise a lien when the buyer becomes insolvent. Section 47 of the Sale of Goods Act, 1930 allows an unpaid seller in possession to retain the goods in this situation, as well as where no credit was stipulated or the credit period has expired.
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Madhya Pradesh SET (MP SET)