When the buyer refuses to pay the purchase price and the seller has possession of the goods, the seller may?

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12-08-2022
Business

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When the buyer refuses to pay the purchase price and the seller has possession of the goods, the seller may?

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AnkitM AnkitM · Answer 1 · 2022-08-20T14:42:35+02:00

When the buyer refuses to pay the purchase price and the seller has possession of the goods, the seller may resell the goods and sue the buyer.

A person who provides a good, service, or asset in exchange for money is referred to as a seller. A seller may be a person, business, governmental body, or other type of organization. A seller is a party who offers an asset they own or hold for sale to another party in the financial markets.

A seller is sometimes referred to as a writer in the options market. The writer, who is the contract's counterparty, is compensated for selling the option. Buyers and sellers are contrasted because they are the two essential components of any exchange or transaction.

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