Question

What is your opinion about Unpaid seller?

Hint:

Remember: Unpaid seller → Seller without payment → Has legal rights.

Answer 1

Concept: An unpaid seller is an important concept under the Sale of Goods Act.
Step 1: Definition.
An unpaid seller is a seller who has not received the whole or part of the price of goods sold, or whose negotiable instrument (like cheque) has been dishonoured.
Step 2: Rights of unpaid seller.

• Right of lien (retain goods)
• Right of stoppage in transit
• Right of resale

Step 3: Opinion.
The concept of unpaid seller is essential as it protects the interests of sellers and ensures fairness in commercial transactions.
Step 4: Conclusion.
Thus, an unpaid seller has legal rights to safeguard against loss due to non-payment.