If seller makes profit by reselling them , then he is not liable to pay surplus if any to the buyer If occurring loss then seller must claim first by giving prior notice to buyer for the loss occurred. Further, where an unpaid seller has made part delivery of the goods, he may exercise his right of lien on the remainder, unless such part delivery has been made under such circum stances as to show an agreement to waive the lien Sec. The seller has already lost that which he had i. Sale by person not the owner. Remedy for breach of warranty. The policy should be in the same currency as the contract. He or she wears a different colored jersey then the rest of their teammates; A Contrasting color.
Where a contract of sale is not severable, and the buyer has accepted the goods, or part of the goods, or where the contract is for specific goods, the property in which has passed to the buyer, the breach of any conditions to be fulfilled by the seller can only be treated as a breach of warranty and not as a ground for rejecting the goods and treating the contract as repudiated, unless there is a term of the contract, express or implied, to that effect. Transfer of property as between seller and buyer. Hunny has a right of lien on the goods. Does Not Reserve The Right of Disposal :- When unpaid seller fails to reserve the right of disposal of the goods at the times of delivery to the bailee for transferring it to the buyer. The rights and duties of a citizen are to be a good citizen and abide the laws in the Constitution. Demand or tender of delivery may be treated as ineffectual unless made at a reasonable hour. Right of stoppage in transitu.
For example, A buys a television set from B and the payment has been made via cheque to B , but later the cheque bounces due to the insufficiency of funds in the account. These are as follows: 1. Specialist advice should be sought about your specific circumstances. To whom the whole price has not been paid or tendered. He can recover only damages and not full price. Pg 431 Attiyah 9 th Edition read it. Disposition of wealth is subjected to the rules of the Shariah as well.
The rights of an unpaid seller in a sale have been clearly elaborated under Section 46 1 of the Act. The expenses of the redelivery under subsection 4 must be borne by the seller. The right of resale is a very valuable right given to an unpaid seller. If there is a profit on resale, he is not bound to hand it over to the buyer. A provision in a sales contract that sets a date after which the agreement is no longer in effect.
The seller is also responsible for all the costs involved to deliver the goods to the named place of destination. This applies even where only part of the goods has been resold. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. On the other hand if there is profit on resale the former buyer cannot claim that profit. Where the seller delivers to the buyer the goods he or she contracted to sell mixed with goods of a different description not included in the contract, the buyer may accept the goods which are in accordance with the contract and reject the rest, or he or she may reject the whole. If, therefore, before payment the buyer becomes insolvent, the seller is entitled to exercise this right and hold the goods as security for the price.
Had made the following observation in this regard: Note: The carrier must hold the goods in the capacity of an independent person and not in the capacity of an agent for the seller or buyer. To deliver the goods only when applied for by the buyer sec 35 3. Kenya Law Resource Center is published as an information resource only. Sale by person not the owner. However for the following acts the decisions needs to be taken on unanimous basis: a Change in the nature of the business. For further information, see the related link below.
A transaction of sale is a composite transaction consisting of an agreement to sell, passing of title, delivery of goods, and payment of price, costs, and charges of transportation. And where a bill of exchange or other negotiable instruments has been accepted by him as a condition on which it was received has not been fulfilled by reason of dishonor of the instrument or otherwise. Transfer of property in the goods or transfer of documents of title to the goods does not affect the exercise of this right, provided the goods remain in the actual possession of the seller. Sale not generally rescinded by lien or stoppage in transitu. Delivery of goods in accordance with the terms of the contract Section 31 5.
Suit For Price :- If the goods have passed to the buyer and buyer refuse to pay the price, the seller can sue for price. The profit goes to the unpaid seller not the buyer. In the case referred to in subsection 1 , notwithstanding the delivery of the goods to the buyer, or to a carrier or other bailee for the purposes of transmission to the buyer, the property in the goods does not pass to the buyer until the conditions imposed by the seller are fulfilled. Right to Compensation For Services Whether the bailee is entitled to compensation for what he does depends upon the agreement. This has to be agreed to by seller and buyer, however. Rules for ascertaining intention as to time when property passes. The buyer is also responsible for completing all the export documentation, although the seller does have an obligation to obtain information and documents at the buyer's request and cost.