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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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jackfrost11770
13:56
I got a UR when I emailed themc
jackfrost11770
13:56
But it would be nice to have something at least
lilypadfrog
13:56
like whether the date changes. is that actually indicative of something. I feel like people have said they got in without a second date change
jackfrost11770
13:56
I just cannot believe I thought I would have more or less of an idea where I'd be going to law school by end of January
13:56
went complete at penn a month ago with still no UR
jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
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