Remedies of Seller
Under the Sale of Goods Act 1979 s.41, the seller entitles to exercise a possessory lien for the vessel until payment by the buyer. Also, the seller also entitles to resell the vessel to the other buyer if the buyer fails to settle the payment in the time. An unpaid seller may bring an action to recover the price where the purchaser has acquired the property in the ship but refuse or failed to pay the price.
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