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Law Dictionary Home Dictionary Definition unpaid-seller

Unpaid seller, (1) the seller of goods is deemed to be an 'unpaid' seller with the meaning of this Act: (a) when the whole of the price has not been paid or delivered; (b) when a bill of exchange or other negotiable ins-trument has been received as conditional payment, and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise. (2) In this Chapter, the term 'seller' includes any person who is in the position of a seller, as, for instance, an agent of the seller to whom the bill of finding has been endorsed, or a consignor or agent who has himself paid, is or directly responsible for, the price. [Sale of Goods Act, 1930 (30 of 1930), s. 45]

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