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Under Section 49, the unpaid seller loses his lien when:
AHe delivers the goods to a carrier for transmission without reserving the right of disposal, or the buyer lawfully obtains possession
BThe buyer becomes insolvent
CHe gives notice to the carrier
DHe obtains a decree for the price
Answer & Solution
Correct answer: A. He delivers the goods to a carrier for transmission without reserving the right of disposal, or the buyer lawfully obtains possession
Lien is lost on delivery to a carrier without reserving disposal, when the buyer lawfully gets possession, or by waiver/estoppel.
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