Multiple choice

Lien of unpaid seller is terminated when

  1. the buyer gets possession of the goods

  2. the seller gets possession of the goods

  3. the buyer leaves the possession of the goods

  4. None of the above

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A Correct answer
Explanation

The unpaid seller of goods loses his lien or right of retention thereon – (a) when he delivers the goods to a carrier or other bailee or custodier 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; or (c) by waiver thereof.