[amp_mcq option1=”a-1, b-2, c-3, d-4″ option2=”a-4, b-3, c-2, d-1″ option3=”a-2, b-3, c-4, d-1″ option4=”a-4, b-1, c-3, d-2″ correct=”option1″]<\/p>\n
The correct answer is: A. a-1, b-2, c-3, d-4<\/p>\n
An unpaid seller is a person who has sold goods but has not yet been paid for them. The seller has certain rights under the Sale of Goods Act 1979, including the right of lien, the right of stoppage in transit, and the right of resale.<\/p>\n
The right of lien is the right of a seller to retain possession of goods sold until the buyer has paid for them. The right of lien arises when the seller has delivered the goods to the buyer and the buyer has not paid for them. The seller can exercise the right of lien by refusing to deliver the goods to the buyer or by refusing to part with possession of the goods.<\/p>\n
The right of stoppage in transit is the right of a seller to stop goods in transit from the buyer to the buyer’s destination. The right of stoppage in transit arises when the buyer has become insolvent or when the buyer has repudiated the contract. The seller can exercise the right of stoppage in transit by giving notice to the carrier or to the buyer.<\/p>\n
The right of resale is the right of a seller to resell goods that have not been paid for. The right of resale arises when the buyer has become insolvent or when the buyer has repudiated the contract. The seller can exercise the right of resale by selling the goods to a third party.<\/p>\n
The correct match between List-I and List-II is as follows:<\/p>\n
List-I | List-II
\n——- | ——–
\na. Unpaid seller | 1. Section 45
\nb. Right of lien | 2. Section 47
\nc. Right of stoppage in transit | 3. Section 50
\nd. Right of resale | 4. Section 54<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”a-1, b-2, c-3, d-4″ option2=”a-4, b-3, c-2, d-1″ option3=”a-2, b-3, c-4, d-1″ option4=”a-4, b-1, c-3, d-2″ correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34552","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"\n