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State of Jammu-Kashmir - Section

Section 45 in The Jammu and Kashmir Sale of Goods Act, 1996 (1939 A.D.)

45. "Unpaid seller" defined.

(1)The seller of goods is deemed to be an "unpaid seller" within the meaning of this Act. -
(a)when the whole of the price has not been paid or tendered ;
(b)when a bill of exchange or other negotiable instrument has been received as conditional payment, and the condition on which it was received has not been fulfilled by reason of the dishonour of tile instrument or otherwise.
(2)In this Chapter, tile term "seller" incudes any person who is in the position of a seller, as for instance, an agent of the seller to whom tile bill of lading has been endorsed, or a consignor or agent who has himself paid, or is directly responsible for, the price.