Multiple choice

A seller of goods is deemed to be an unpaid seller when the whole of the price has not been or tendered.

  1. True

  2. False

  3. Partly true

  4. Cannot say
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An unpaid seller is defined as one where the whole of the price has not been paid, or where a negotiable instrument (like a cheque) was received as payment and it has been dishonored. The key is that the seller has not received the actual payment - mere tendering or offering of payment does not make the seller 'paid'.

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