On May 1, Suneel entered into a contract with Mathilde.She promised to deliver a widget to him on June 1 and he promised to pay the total purchase price of $10 000 on July 1.As June 1 approached, however, Suneel began to worry about giving possession of the widget to Mathilde without getting paid at the same time.He therefore wants to exercise a lien.Is he entitled to do so? Would your answer be different if Mathilde became insolvent before June 1? Explain your answers.

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The Answer of On May 1, Suneel entered into a contract with Mathilde.She promised to deliver a widget to him on June 1 and he promised to pay the total purchase price of $10 000 on July 1.As June 1 approached, however, Suneel began to worry about giving possession of the widget to Mathilde without getting paid at the same time.He therefore wants to exercise a lien.Is he entitled to do so? Would your answer be different if Mathilde became insolvent before June 1? Explain your answers.

On May 1, Suneel Entered into a Contract with Mathilde