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An unpaid seller has the right to get paid and the right to bring suit against a buyer who will not pay. He may have the right to place a lien on the buyer's property.
On the other hand, he has the responsibility to do or deliver what was promised (in the condition it was said to be in). If there was a written contract, it may spell out other specific responsibilities.
What else can I help you with?
What are the rights of unpaid seller?
The seller's personal remedies against the buyer by way of action for the price of the goods or for damages for non-acceptance are discussed in chapter 8. An unpaid seller may also have certain rights in rem-against the goods themselves - rights which are of special value in the case of the buyer's insolvency or inability to pay the price or damages.
When a seller of goods deemed to be an unpaid seller?
An unpaid seller has the following rights against goods notwithstanding the fact that the property in goods has passed to the buyer. 1. Right of lien, 2. Right of stoppage of goods in transit 3. Right of resale
Who is unpaid seller?
unpaid seller is the person who gives the goods to his costomer on credit & keep the balance due, exchange of bills on some condition keeps due.
What Feudalism is based on .?
the exchange of duties and rights between lords. :) the exchange of duties and rights between lords the exchange of duties and rights between lords the exchange of duties and rights between lords the exchange of duties and rights between lords the exchange of duties and rights between lords
Is the new term of DAP same as DDU?
No, the new term DAP (Delivered at Place) is not the same as DDU (Delivered Duty Unpaid). While both terms indicate that the seller is responsible for delivering goods to a specified location, DAP requires the seller to clear the goods for export and deliver them ready for unloading, but does not include payment of import duties. In contrast, DDU, which is an older term, also involved the seller delivering goods without having paid import duties, but has been largely replaced by DAP in modern shipping terminology.
What does CIP DUP and DDU freight terms mean?
CIP (Carriage and Insurance Paid to) means the seller pays for transportation and insurance to a specified destination, transferring risk to the buyer once the goods are handed over to the carrier. DDP (Delivered Duty Paid) indicates that the seller takes on all responsibilities, including shipping and customs duties, delivering the goods ready for unloading at the buyer's location. DDU (Delivered Duty Unpaid) means the seller delivers the goods to the buyer's location but does not cover customs duties or taxes, leaving those responsibilities to the buyer.
What were the duties and rights of the lord vassal to each other?
Wahat were the duties and rights of the lord vassal to each other?
What are the right and duty of unpaid seller explain?
An unpaid seller has the right to get paid and the right to bring suit against a buyer who will not pay. He may have the right to place a lien on the buyer's property. On the other hand, he has the responsibility to do or deliver what was promised (in the condition it was said to be in). If there was a written contract, it may spell out other specific responsibilities.
What rights and duties did women have?
nothng
Feudalism is based on?
the exchange of duties and rights between lords
What is the meaning of DDU?
DDU stands for "Delivered Duty Unpaid," a shipping term used in international trade. It indicates that the seller is responsible for delivering goods to a specified destination but is not responsible for paying any import duties or taxes upon arrival. The buyer is then responsible for clearing the goods through customs and paying any applicable duties. This term helps clarify the responsibilities of both parties in a transaction.
What are the remedies of buyers and sellers in a contract of sale?
there are two general remedies to an unpaid seller which include; Real remedies and Personal remedies.
