stoppage in transit


stoppage in transit
/stopsj in traenzit/
The act by which the unpaid vendor of goods stops their progress and resumes possession of them, while they are in course of transit from him to the purchaser, and not yet actually delivered to the latter. The right of stoppage in transitu is that which the vendor has, when he sells goods on credit to another, of resuming the possession of the goods while they are in the possession of a carrier or middle-man, in the transit to the consignee or vendee, and before they arrive into their actual possession, or the destination he has appointed for them on their becoming bankrupt and insolvent. The right which arises to an unpaid vendor to resume the possession, with which he has parted, of goods sold upon credit, before they come into the possession of a buyer who has become insolvent, bankrupt, or pecuniarily embarrassed.
See U.C.C. No. 2-705(1)
+ stoppage in transit
Transportation of goods or persons from one place to another. Passage; act of passing

Black's law dictionary. . 1990.

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