MBAL-105: Legal Aspects in Business – Unit 12

MBAL-105: Legal Aspects in Business – Unit 12

Objectives: define an unpaid seller; state the rights of an unpaid seller; discuss the right of stoppage-in-transit; distinguish between the right of lien and stoppage in transit; and explain the rules of an auction sale.

Materials:
The relevant material is available here.

Questions:

1. Define an unpaid seller. What are his rights?
2. Explain the right of an unpaid seller against (i) against the goods and (ii) against the buyer personally.
3. Distinguish between the right of lien and stoppage-in-transit.
4. State the circumstances in which the transit ends.
5. When can a seller resell the goods? Explain.