alleryAll of the following are conditions for stoppage in transit EXCEPT:
AThe buyer is solvent
BThe seller has parted with possession
CThe goods are in transit and the buyer is insolvent
DThe seller is unpaid
Answer & Solution
Correct answer: A. The buyer is solvent
Stoppage requires the buyer to be insolvent
if the buyer is solvent the right does not arise.
The seller must be unpaid, have parted with possession, and the goods must be in transit.
Keep practising Sale of Goods — Unpaid Seller
Browse all Sale of Goods — Unpaid Seller questions for CA Foundation, or explore more Businesslaw topics.
Related questions
The buyer turns insolvent while goods are in transit. The seller who stops them may keep tUnpaid seller's lien exists only while the goods are:For the unpaid seller's rights, a consignor who has himself paid the price is treated as:Ship chartered by buyer: carrier or agent is decided by:Goods went by carrier, no disposal reserved; buyer insolvent. Seller may:Raj sold on credit; day 31 unpaid, goods in godown. He may:Chapter V of the Sale of Goods Act deals with the unpaid seller's rights against:The unpaid seller's right of resale is one that is: