Full legislation
s.40
Definition of unpaid seller
(1)
The seller of goods is deemed to be an
unpaid
seller
(
未獲付款的賣方
) within the meaning of
this
Ordinance—
(Amended
E.R. 4 of 2018
)
(a)
when the whole of the price has not been paid or tendered;
(b)
when a bill of exchange or other negotiable instrument has been received as
conditional payment, and the condition on which it was received has not been
fulfilled by reason of the dishonour of the instrument or otherwise.
(2)
In this Part,
seller
(
賣方
) includes any person who is in the
position of a seller, as, for instance, an agent of the seller to whom the bill of
lading has been indorsed, or a consignor or agent who has himself paid, or is
directly responsible for, the price.
(Amended
5 of 1924 s. 13
)