Australian Capital Territory Current Acts

SALE OF GOODS ACT 1954 - SECT 44

    (1)     Subject to this Act, if—

        (a)     goods have been sold without any stipulation as to credit; and

        (b)     goods have been sold on credit but the term has ended; and

        (c)     the buyer of goods becomes insolvent;

the unpaid seller of the goods, if the unpaid seller is in possession of them, is entitled to retain possession of them until payment or tender of the price.

    (2)     The seller may exercise the seller's right of lien notwithstanding that the seller is in possession of the goods as agent or bailee for the buyer.