Business Studies, asked by thoratdhiraj17, 5 months ago

right of stoppage in transit means​

Answers

Answered by BeccarPexity
17

Answer:

Stoppage in transit is a right possessed solely by the seller and is effective only between the seller and the buyer. The right is a useful 'self-help' remedy to enforce payment where an unpaid seller has parted with possession of the goods, and the buyer of the goods has become insolvent.

Answered by judahemmanuel066
2

Answer:

the legal right of a seller of goods to stop the sale at any time before the buyer receives them, especially in situations where it becomes clear that the buyer cannot pay for the goods: He may still be able to recover the goods by exercising his right of stoppage in transit.

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