1. Introduction:
Unpaid seller means a person who has sold the good for a price but price has not been paid to him unpaid seller has rights against the goods and buyer.
2. Definition of unpaid seller:
According to Sec 45, the seller of goods is deemed to be an unpaid seller.
(i) When the whole of the price has not paid or tendered.
(ii) When a bill of exchange or other negotiable instrument has been received as a condition payment, and the condition on which it has been received remains unfulfilled by reason of dishonor of the instrument or other wise.
3. Features of unpaid seller:
Following are the features of unpaid seller.
(i) He must sells the goods on cash basis and must be unpaid.
(ii) He must be unpaid either wholly or partly.
(iii) If the price is paid through a bill of exchange or other negotiable instruments, the same must be dishonoured.
(iv) He must not refuse to accept the payment when tendered.
Unpaid seller means a person who has sold the good for a price but price has not been paid to him unpaid seller has rights against the goods and buyer.
2. Definition of unpaid seller:
According to Sec 45, the seller of goods is deemed to be an unpaid seller.
(i) When the whole of the price has not paid or tendered.
(ii) When a bill of exchange or other negotiable instrument has been received as a condition payment, and the condition on which it has been received remains unfulfilled by reason of dishonor of the instrument or other wise.
3. Features of unpaid seller:
Following are the features of unpaid seller.
(i) He must sells the goods on cash basis and must be unpaid.
(ii) He must be unpaid either wholly or partly.
(iii) If the price is paid through a bill of exchange or other negotiable instruments, the same must be dishonoured.
(iv) He must not refuse to accept the payment when tendered.
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