P sold certain antique items to Q for 3,00,000/- on 13.12.2024. As per the terms of agreement75% of the amount was to be paid within a week and the…

(a) Rights of lien (Section 47 of the Sale of Goods Act,1930) An unpaid seller has a right of lien on the goods for the price while he is in possession, until the payment or tender of the price of such goods. It is the right to retain the possession of the goods and refusal to deliver them to the buyer until the price due in respect of them is paid or tendered. Exercise of right of lien: This right can be exercised by him in the following cases only: (a) where goods have been sold without any stipulation of credit; (i.e., on cash sale) (b) where goods have been sold on credit but the term of credit has expired; or (c) where the buyer becomes insolvent. In the instant case, P is still in possession of the goods and the full price was not paid by Q within the stipulated time i.e. till31st December, 2024. Therefore, P is an unpaid seller and can rightfully exercise lien under Section 47. Even though the unpaid amount is only - 20,000, P’s refusal to deliver the goods is valid. Thus, P is legally justified in exercising right of lien.