__________________________________________________ No. Of Questions to be Answered : Random 20 out of 58
Section 44
Section 4
Section 47
Section 48
When whole of the price has not been paid or tendered.
When a bill of exchange of other negotiable instrument, received in payment, has been dishonoured.
Both (a) and (b).
None of these.
Seller
Partly paid seller
Unpaid seller
Conditional seller.
Be considered as unpaid seller.
Not be considered as unpaid seller.
Lose all the rights of an unpaid seller.
Both (b) and (c).
Unpaid seller
Ordinary seller
Bailor
None of these.
True
False
Against the good sold.
Against the buyer.
Both (a) and (b)
None of these.
(i),( ii), (iii)
(ii), (iii),(iv)
(i), (ii), (iv)
(i), (iii), (iv)
True, where the ownership of the goods has not transferred to the buyer.
False, the buyer can in no case withhold the delivery of goods sold.
Suit of price
Suit for interest
Suit for repudiation
AII of these.
Right of lien
Right of stoppage in transit
Both (a) and (b)
None of these.
(I), (ii), (iii)
(ii), (iii), (iv)
(i),(ii), (iv)
(i), (iii), (iv).
Ownership of goods
Possession of goods
Title of goods
Both (a)&(c).
Section 47 (1)
Section 48(1)
Section 49
None of these
Price of goods
Storage charges
Any lawful charge
All of these.
Owner of goods
Agent of buyer
Bailee for buyer
Any of these.
Retain possession of goods
Recover damages
Regain possession of goods
Punish the buyer
Where the goods have been sold without any stipulation as to credit.
Where the goods have been sold on credit, but the term of credit has expired.
Where the buyer becomes insolvent.
All of these.
True, as it is the legal position on the point.
False, as the right of lien is indivisible in nature.
In case of insolvency of the buyer, an unpaid seller can exercise his lien if whole of the price is not paid.
In case of credit sale, an unpaid seller can exercise his lien if the buyer fails to pay the whole of the price after the expiry of credit period.
In case of cash sale, an unpaid seller has no right of lien even if the whole price is not paid,
In case of a part delivery of goods, an unpaid seller may exercise his lien on the -remaining part of goods if the part delivery, is not intended as delivery of the whole.
Delivery of goods to buyer
Delivery of goods to carrier
Tender of price by buyer
All of these.
True, the lien is lost as soon as the possession is lost.
False, the lien is lost only when the ownership is transferred to the buyer.
Becomes insolvent
Refuses to pay price
Acts fraudulently
All of these.
Section 48
Section 49
Section 50
Section 51
Price of goods
Storage charges
Any lawful charges
All of these.