Under the Sale of Goods Act, 1930, the unpaid seller’s lien is a possessory right to retain goods until the price is paid. Here is a brief breakdown of the relevant sections:
Section 47: Grants the right of lien when goods are sold without credit, when the credit term has expired, or when the buyer becomes insolvent. The seller must be in physical possession of the goods.
Section 48: Allows the seller to exercise a lien on the remainder of goods if only a part delivery has been made, provided there was no intent to waive the lien on the whole.
Section 49: Specifies when the lien is terminated, such as when the goods are delivered to a carrier, when the buyer lawfully obtains possession, or if the seller expressly waives the right.
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