Section 49: Termination of lien

Save(0)

The Sale of Goods Act, 1930

Chapter-V
Rights of Unpaid Seller against the Goods
Unpaid seller’s lien

Section 49: Termination of lien.

49. (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.

(2) The unpaid seller of goods, having a lien thereon, does not lose his lien by reason only that he has obtained a decree for the price of the goods.


 

Disclaimer: Please refer Bare Act for original contents. Click here to access All Acts

 

/* Copy to Clipboard */