Question

Discuss the classification of goods according to sale of good act. What are the rights of an unpaid seller?

Answer 1

Answer:

According to subsection (1) of Section 47 of the Sale of Goods Act, 1930, an unpaid seller, who is in possession of the goods can retain their possession until payment. ... He sells the goods without any stipulation for credit. The goods are sold on credit but the credit term has expired. The buyer becomes insolvent.

Explanation:

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