[amp_mcq option1=”Right of lien” option2=”Right of resale” option3=”Suit for price” option4=”Both A and B” correct=”option4″]
The correct answer is: D. Both A and B
A right of lien is a legal right that allows a creditor to retain possession of a debtor’s property until the debt is paid. A right of resale is a legal right that allows a seller to resell goods that have not been paid for by the buyer. A suit for price is a legal action that a seller can take against a buyer to recover the price of goods that have been sold.
Both a right of lien and a right of resale are available to sellers against buyers who have not paid for goods. However, neither of these rights is available personally against the buyer. This means that the seller cannot use these rights to seize the buyer’s property or to sue the buyer in court. Instead, the seller must use these rights against the goods that were sold.
For example, if a seller sells goods to a buyer on credit and the buyer does not pay for the goods, the seller may have a right of lien on the goods. This means that the seller can keep the goods until the buyer pays for them. However, the seller cannot use the right of lien to seize the buyer’s car or to sue the buyer in court.
Similarly, if a seller sells goods to a buyer on credit and the buyer does not pay for the goods, the seller may have a right of resale. This means that the seller can resell the goods to another buyer and use the proceeds from the sale to pay off the debt owed by the first buyer. However, the seller cannot use the right of resale to sue the buyer in court.
In conclusion, both a right of lien and a right of resale are available to sellers against buyers who have not paid for goods. However, neither of these rights is available personally against the buyer. This means that the seller cannot use these rights to seize the buyer’s property or to sue the buyer in court. Instead, the seller must use these rights against the goods that were sold.