New South Wales Consolidated Acts

SALE OF GOODS ACT 1923 - SECT 43

43 Seller's lien

(1) Subject to the provisions of this Act the unpaid seller of goods who is in possession of them is entitled to retain possession of them until payment or tender of the price in the following cases, namely:

(a) where the goods have been sold without any stipulation as to credit,

(b) where the goods have been sold on credit but the term of credit has expired,

(c) where the buyer becomes insolvent.

(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.