Professional Documents
Culture Documents
I. Ordinary
2. Action for Damages – In case of wrongful neglect or refusal by the buyer to accept or pay for
the thing sold
II. Special 1. Possessory Lien – Seller not bound to deliver if buyer has not paid him the price. It
is exercisable only in following circumstances:
2. Stoppage in Transitu
Requisites:
a. Insolvent buyer
b. Seller must Surrender the negotiable document of title, if any
c. Seller must bear the Expenses of delivery of the goods after the exercise of the right.
d. Seller must either actually take possession of the goods sold or give Notice of his claim to
the carrier or other person in possession
e. Goods must be in Transit
f. Unpaid seller
Note: Ownership of goods already with buyer but seller may still rescind; ownership is destroyed
even without court intervention but in ordinary sale, need to go to court.