15.10 The Unpaid Seller

Unpaid seller — one to whom the whole price is unpaid (or a bill/note received as payment has been dishonoured). Rights against the goods (the trio): Lien — retain possession until paid (where no fixed-term credit was given); lost on waiver or delivery to a carrier for transmission; Stoppage in transit — where the buyer has become insolvent, retake the goods while still in the carrier's hands (the transit window ends on delivery to the buyer or his agent); Resale — after notice (or where perishable/expressly reserved), accounting the surplus to the buyer and recovering the deficiency. Rights against the buyer personally: suit for the price; damages for non-acceptance (the market-difference measure — the differential between contract and market price at the breach's date); repudiation for anticipatory breach; interest on the price.