New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    When does the unpaid seller lose his lien on goods?

    A When the goods are delivered to a carrier without reserving the right of disposal Correct Answer Incorrect Answer
    B When the buyer or his agent lawfully obtains possession of the goods Correct Answer Incorrect Answer
    C When the lien is waived Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 49. Termination of lien.—(1) 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.

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