Question
Meaning of unpaid seller is
The correct answer is
The person who has sold the goods and has not yet received the price
A seller is unpaid when the whole price has not been paid or tendered, or a negotiable instrument received conditionally as payment is dishonoured. Thus the relevant option is the seller who has not yet received the price.
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Important Questions from Sale of Goods Act, 1930
- Which one of the following is true in the context of sale of goods act ?
- Mr. RPL claim capital expenditure for using car for his personal purpose. This is the case of __________.
- What is your understanding about advance payment of tax ?
- Which one of the following is incorrect ?
Under the Sale of Goods Act, to make the buyer liable for neglecting or refusing delivery of goods the following conditions must be fulfilled : The right to ‘stoppage in transit’ exercised by an unpaid seller is to
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