There is a common element to the seller's right to exercise a lien, a stoppage in transit, or a repossession.In each case, the remedy is available only if the buyer is insolvent or bankrupt.

Question

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The seller's right to exercise a lien, a stoppage in transit, or a repossession may be available in situations other than insolvency or bankruptcy, such as a breach of contract by the buyer.

There Is a Common Element to the Seller's Right to Exercise