Chapter V — RIGHTS OF UNPAID SELLER AGAINST THE GOODS

Section 49Termination of lien

Section 49: Termination of lien

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.