In the absence of an agreement for the extension of credit to the buyer for the purchase of goods,and until the buyer pays for the goods or performs whatever actions the contract requires,the seller has the right to retain possession of the goods.

Question

Quizplus · Accepted Answer

This is a basic principle of contract law. If there is no agreement for credit or payment terms, the seller has no obligation to release the goods until payment is made or the contract is fulfilled according to its terms.

In the Absence of an Agreement for the Extension of Credit