alleryStart learning →Which event terminates the unpaid seller's lien?
AThe buyer asks for a rebate
BThe seller takes a loan
CBuyer lawfully takes possession
DA written demand is sent
Answer & Solution
Correct answer: C. Buyer lawfully takes possession
Once the buyer or his agent lawfully obtains possession, the seller has no possession left to support a lien.
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: