Sales of goods act

 

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  2. ChatGPT said:

    Combined Question – Sections 45, 46 & 47 of the Sale of Goods Act, 1930

    Question:
    Explain the provisions relating to the rights of an unpaid seller against the goods under Sections 45, 46 and 47 of the Sale of Goods Act, 1930. Who is an unpaid seller, and what rights does an unpaid seller have against the goods?

    Answer:
    Under Section 45, a seller is an unpaid seller when:

    1. The whole of the price has not been paid or tendered; or

    2. A bill of exchange or other negotiable instrument received as conditional payment has been dishonoured.

    Under Section 46, an unpaid seller has the following rights against the goods:

    1. Right of lien – The seller may retain possession of the goods until the price is paid.

    2. Right of stoppage in transit – If the buyer becomes insolvent while the goods are in transit, the seller may stop the goods and regain possession.

    3. Right of resale – In certain circumstances, the seller may resell the goods.

    Under Section 47, the unpaid seller has a right of lien over the goods when:

    • The goods have been sold without any stipulation as to credit;

    • The goods have been sold on credit, but the period of credit has expired; or

    • The buyer becomes insolvent.

    Thus, Sections 45–47 establish the status of an unpaid seller and his important right to retain possession of the goods until payment is made.


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