If the buyer is insolvent and has not paid for goods received,the seller may reclaim the goods.

Question

Quizplus · Accepted Answer

According to the principle of reclamation, if the buyer becomes insolvent and hasn't paid for the goods received, the seller has the right to reclaim the goods. However, this right is subject to certain conditions and limitations, such as the timing of the demand for reclamation and whether the goods have been resold to a third party in good faith.

If the Buyer Is Insolvent and Has Not Paid for Goods