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LSDefine

Simple English definitions for legal terms

STOPPAGEIN TRANSITU

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A quick definition of STOPPAGEIN TRANSITU:

Term: STOPPAGE IN TRANSITU

Definition: Stoppage in transitu is a legal term that refers to the right of a seller to stop the delivery of goods that are in the process of being transported to the buyer. This right arises when the buyer has not paid for the goods, and the seller has reason to believe that the buyer will not be able to pay for them. The seller can then take possession of the goods and sell them to someone else to recover the cost of the goods. This right is important for sellers to protect themselves from potential losses due to non-payment by buyers.

A more thorough explanation:

Definition: Stoppage in transitu refers to the right of a seller to stop the delivery of goods that are in the process of being transported to the buyer. This right arises when the buyer has become insolvent or has breached the contract of sale.

Example: A seller ships a shipment of goods to a buyer, but before the goods arrive, the seller learns that the buyer has become insolvent. The seller can exercise the right of stoppage in transitu and demand that the carrier hold the goods until the seller can arrange for their return or resale.

Explanation: This example illustrates how stoppage in transitu can be used to protect the seller's interests when the buyer is unable to fulfill their obligations under the contract of sale. By exercising this right, the seller can prevent the goods from being delivered to the buyer and potentially being lost or damaged. Instead, the seller can take steps to recover the goods or resell them to another buyer.

stoppage | stop-payment order

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babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
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