Section 49 of the Sale of Goods Act, 1930 – Termination of lien

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Section 49: Termination of lien

  • (1) The unpaid seller of goods loses his lien thereon—
    • (a) when he delivers the goods to a carrier or other bailee for the purpose of transmission to the buyer without reserving the right of disposal of the goods;
    • (b) when the buyer or his agent lawfully obtains possession of the goods;
    • (c) by waiver thereof.
  • (2) The unpaid seller of goods, having a lien thereon, does not lose his lien by reason only that he has obtained a decree for the price of the goods.

Source: official text of The Sale of Goods Act, 1930 as published on India Code (PDF). All sections of the Sale of Goods Act, 1930.

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  3. Section 55 of the Transfer of Property Act, 1882 – Rights and liabilities of buyer and seller
  4. Section 51 of the Sale of Goods Act, 1930 – Duration of transit