Termination of Right of Stoppage This right to stop the goods comes to an end: (a) When the goods are delivered to the buyer or his agent or (b) When, on arrival of the goods at the appointed destination, the carrier communicates to the buyer or his agent that he is holding the goods on his behalf c. Right of Resale The unpaid seller can resell the goods (i) Where they are of a perishable nature or (ii) After exercising his right of lien or stoppage in transit, even though he has given intimation to the buyer of his intention to resell, buyer has not tendered the price within a reasonable time. (iii) Where the seller has expressly reserved the right of resale in the contract itself I. (b).
Where the Property in the Goods does not pass to the Buyer Right of an Unpaid Seller against the Buyer Personally (i) Suit for price: Where the ownership in the goods has passed to the buyer and the buyer refuses to pay for the goods, the seller can file case against the buyer for the price (ii) Suit for Damages for Non-acceptance: Where the buyer wrongfully refuses to accept the goods, the seller can sue him for damages for non-acceptance of the goods. (iii) Suit for Cancellation of the Contract before the Due Date: Where the buyer cancels the contract before the date of delivery, the seller may either treat the contract as continuing or wait till the due date or he can file a case against buyer immediately. (iv) Suit for Interest: Where there is a specific agreement between buyer and seller regarding charging interest on the price, the seller can recover interest from the buyer from the due date of contract till the date of payment of purchase price. If there is no specific agreement, the seller can charge interest from such day as he may notify to the buyer.
For Own Thinking (a) Find out whether the following transactions can be included under the Contract of Sale: i. X agreed to sell shares to Y for Rs.