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Under Section 45, a seller is an 'unpaid seller' when:
AThe buyer has rejected the goods
BHe has delivered the goods late
CThe whole price has not been paid or tendered, or a negotiable instrument received as conditional payment has been dishonoured
DPart of the price is unpaid only if over half
Answer & Solution
Correct answer: C. The whole price has not been paid or tendered, or a negotiable instrument received as conditional payment has been dishonoured
Section 45 deems the seller unpaid where the whole price is unpaid/untendered, or a bill/cheque taken as conditional payment is dishonoured.
Related questions
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