Multiple choice

As per Sale of Goods Act, the ______ of the seller is terminated when the buyer gets possession of the goods.

  1. warranty

  2. condition

  3. lien

  4. agreement

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The unpaid seller of goods loses his lien thereon — (a) when he delivers the goods to a carrier or other bailee for the purpose of transmission to the buyer without reserving the right of disposal of the goods; (b) when the buyer or his agent lawfully obtains possession of the goods; (c) by waiver thereof.