Business Law - Business Law Section 2
- A
An unpaid seller can exercise his right of stoppage in transit by taking actual possession of the goods
- B
An unpaid seller can exercise his right of stoppage in transit by giving notice of his claim to the carrier who is in the possession of goods
- C
An unpaid seller can exercise his right of stoppage in transit by giving notice of his claim to the bailee who is in the possession of the goods
- D
The unpaid seller can exercise the right of stoppage in transit by giving an advertisement in leading newspaper of the place where the buyer ordinarily carries on his business
- A
A contract of sale is rescinded by the exercise of an unpaid seller’s right of lien or stoppage of lien
- B
Where an unpaid seller who has exercised his right of lien or stoppage in transit resells the goods, the buyer of such goods does not acquire a good title thereto as against the original buyer.
- C
Where the seller resells the goods in case of buyer’s default the original contract of sale is not rescinded
- D
Where the unpaid seller who has exercised his right of lien or stoppage in transit gives notice to buyer of his intention to resell, the unpaid seller may resell the goods within a reasonable time and recover damages incurred due to his breach of the contract from the original buyer
