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M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____
- a)Handed over to transporters.
- b)Not handed over to anyone
- c)Handed over to B
- d)Handed over to any one.
Correct answer is option 'B'. Can you explain this answer?
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M sold goods to B. The payment was to be done after one month. B did n...
Right of lien can only be exercised when buyer has got the possesion of goods.Buyer must have possesion of goods and seller must be unpaid seller.
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M sold goods to B. The payment was to be done after one month. B did n...
Explanation:
In this scenario, M sold goods to B and the payment was supposed to be made after one month. However, B did not make the payment as agreed upon. In such a situation, M has the right to exercise the right of lien.
The right of lien allows a seller to retain possession of the goods until the payment for those goods is made. This gives the seller a security interest in the goods and helps protect their rights in case the buyer fails to make the payment.
In this case, the correct answer is option 'B', which states that the right of lien can be exercised by M when the goods are not handed over to anyone. This means that M has not yet delivered the goods to B and still has possession of them.
Reasoning:
The right of lien can only be exercised when the goods are in the possession of the seller. If the goods have already been handed over to the buyer or any third party, then the seller no longer has control over the goods and cannot exercise the right of lien.
If M had already handed over the goods to transporters (option 'A'), then the goods are no longer in M's possession, and M cannot exercise the right of lien. The same applies if the goods have been handed over to B (option 'C') or any other person (option 'D').
However, if the goods have not been handed over to anyone (option 'B'), then M still has possession of the goods and can exercise the right of lien. M can refuse to deliver the goods to B until the payment is made, thereby protecting their rights and ensuring that they receive the payment for the goods sold.
Therefore, in this scenario, the correct answer is option 'B', as it accurately describes the condition under which M can exercise the right of lien.
In this scenario, M sold goods to B and the payment was supposed to be made after one month. However, B did not make the payment as agreed upon. In such a situation, M has the right to exercise the right of lien.
The right of lien allows a seller to retain possession of the goods until the payment for those goods is made. This gives the seller a security interest in the goods and helps protect their rights in case the buyer fails to make the payment.
In this case, the correct answer is option 'B', which states that the right of lien can be exercised by M when the goods are not handed over to anyone. This means that M has not yet delivered the goods to B and still has possession of them.
Reasoning:
The right of lien can only be exercised when the goods are in the possession of the seller. If the goods have already been handed over to the buyer or any third party, then the seller no longer has control over the goods and cannot exercise the right of lien.
If M had already handed over the goods to transporters (option 'A'), then the goods are no longer in M's possession, and M cannot exercise the right of lien. The same applies if the goods have been handed over to B (option 'C') or any other person (option 'D').
However, if the goods have not been handed over to anyone (option 'B'), then M still has possession of the goods and can exercise the right of lien. M can refuse to deliver the goods to B until the payment is made, thereby protecting their rights and ensuring that they receive the payment for the goods sold.
Therefore, in this scenario, the correct answer is option 'B', as it accurately describes the condition under which M can exercise the right of lien.
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M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer?
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M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer?.
M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M When goods are____a)Handed over to transporters.b)Not handed over to anyonec)Handed over to Bd)Handed over to any one.Correct answer is option 'B'. Can you explain this answer?.
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