Asked by David Hornbek Jr. on Apr 26, 2024
Verified
Uncle Isaac has had some difficulty in a sale-of-goods contract and wants to know if there are any mistakes in the information he has received with regard to the remedies for breach of such a contract. Indicate the true statement.
A) Once the seller of the goods has given up possession of them to the buyer, he has lost his right to sue.
B) A court will award a remedy only if there was a breach of warranty.
C) An unpaid seller who has possession of the goods has a lien on those goods. That is, he can hold the goods.
D) The Sale of Goods Act excludes the possibility of the equitable remedy of specific performance.
E) If there has been a breach of contract, the purchaser is only entitled to tort remedies.
Lien
A claim registered against property, such as a mortgage; a charge giving the creditor the right to retain what is in her possession until her demands for payment are satisfied.
Specific Performance
An order by a court to a breaching party that it live up to the terms of an agreement.
- Familiarize oneself with the remedies provided for non-compliance within the Sale of Goods Act.
Verified Answer
TK
Tedman KeddyMay 01, 2024
Final Answer :
C
Explanation :
An unpaid seller who retains possession of the goods has a right to a lien on the goods, meaning they can hold onto the goods until payment is made. This is a recognized remedy under the Sale of Goods Act.
Learning Objectives
- Familiarize oneself with the remedies provided for non-compliance within the Sale of Goods Act.