This document summarizes key concepts related to the transfer of property and rights of unpaid sellers under commercial law. It covers topics such as the transfer of title by owners and non-owners, different types of delivery, an unpaid seller's rights against goods and buyers which include lien, stoppage in transit and resale rights, and circumstances under which the right of lien can be lost such as delivery or waiver.
Copyright:
Attribution Non-Commercial (BY-NC)
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This document summarizes key concepts related to the transfer of property and rights of unpaid sellers under commercial law. It covers topics such as the transfer of title by owners and non-owners, different types of delivery, an unpaid seller's rights against goods and buyers which include lien, stoppage in transit and resale rights, and circumstances under which the right of lien can be lost such as delivery or waiver.
This document summarizes key concepts related to the transfer of property and rights of unpaid sellers under commercial law. It covers topics such as the transfer of title by owners and non-owners, different types of delivery, an unpaid seller's rights against goods and buyers which include lien, stoppage in transit and resale rights, and circumstances under which the right of lien can be lost such as delivery or waiver.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
This document summarizes key concepts related to the transfer of property and rights of unpaid sellers under commercial law. It covers topics such as the transfer of title by owners and non-owners, different types of delivery, an unpaid seller's rights against goods and buyers which include lien, stoppage in transit and resale rights, and circumstances under which the right of lien can be lost such as delivery or waiver.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
• Specific goods not in deliverable state • Unascertained or future goods -ascertained or produced -In a deliverable state -unconditionally appropriated • Sale on approval ` Transfer of title by non-owners • An unauthorized by mercantile agents • Transfer of title by estoppel • Sale by a joint owner • Sale by a person in possession under voidable contract • Sale by a seller in possession after sale • Sale by a buyer in possession after agreement to sell • Resale by an unpaid seller Delivery • Physical or actual • Symbolic • Constructive Rights of an Unpaid Seller Rights against goods • -Lien in the goods -Stoppage in transit -Resale • Rights against the buyer personally -Suit for price -Suit for damages for non-acceptance -Suit for special damages & interest Right of Lien • When the goods are not sold on credit • If on credit , the term has expired • Insolvency of buyer, even if the term has not expired Loss of right of Lien -When the seller delivers it to a carrier -When the buyer or his agent lawfully obtains possession -When the expressly or impliedly waives it Right of stoppage in transit • When the buyer becomes insolvent • When the property has passed to the buyer • The goods are in the course of transit