CA Foundation Exam > CA Foundation Questions > Which of the following right can be exercised...
Start Learning for Free
Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolvent
- a)right of lien.
- b)right of stoppage in transit.
- c)both (a) and (b).
- d)none of the above.
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Which of the following right can be exercised by an unpaid seller agai...
Right of Unpaid Seller against Buyer
An unpaid seller is a seller who has not yet received the full payment of the goods sold. The Sale of Goods Act, 1930 provides certain rights to an unpaid seller against the buyer.
The right that can be exercised by an unpaid seller against the buyer, who is not insolvent is:
Right of Lien
Lien refers to the right of an unpaid seller to retain the possession of the goods until he receives the full payment of the goods sold. The unpaid seller can exercise his right of lien in the following ways:
1. General Lien: The unpaid seller can retain the possession of the goods not only of the particular buyer but also of any other buyer until he receives the full payment of the goods sold to him.
2. Particular Lien: The unpaid seller can retain the possession of the goods sold to a particular buyer until he receives the full payment of those goods.
The right of lien can be exercised by the unpaid seller until he is in possession of the goods. Once the goods are delivered to the buyer, the right of lien comes to an end.
Conclusion
Thus, the correct answer is option 'A' - right of lien. An unpaid seller can exercise his right of lien against the buyer who has not yet paid the full amount of the goods sold.
An unpaid seller is a seller who has not yet received the full payment of the goods sold. The Sale of Goods Act, 1930 provides certain rights to an unpaid seller against the buyer.
The right that can be exercised by an unpaid seller against the buyer, who is not insolvent is:
Right of Lien
Lien refers to the right of an unpaid seller to retain the possession of the goods until he receives the full payment of the goods sold. The unpaid seller can exercise his right of lien in the following ways:
1. General Lien: The unpaid seller can retain the possession of the goods not only of the particular buyer but also of any other buyer until he receives the full payment of the goods sold to him.
2. Particular Lien: The unpaid seller can retain the possession of the goods sold to a particular buyer until he receives the full payment of those goods.
The right of lien can be exercised by the unpaid seller until he is in possession of the goods. Once the goods are delivered to the buyer, the right of lien comes to an end.
Conclusion
Thus, the correct answer is option 'A' - right of lien. An unpaid seller can exercise his right of lien against the buyer who has not yet paid the full amount of the goods sold.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following right can be exercised by an unpaid seller agai...
The unpaid seller can retain the goods from the buyer for the payment has not been made .
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer?
Question Description
Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer?.
Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolventa)right of lien.b)right of stoppage in transit.c)both (a) and (b).d)none of the above.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup