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JAMB Commerce 2013 Question 42

Question 42

Law of Contract

The right to retain possession of goods until the contract price is paid is referred to as

  1. A.a promise.
  2. B.ultra vires.
  3. C.a breach.
  4. D.a lien.
Show the answer and explanation

Answer: D (a lien.)

Explanation

An unpaid seller's lien lets him hold on to the goods until the buyer pays.