As per section 45 of Sales of goods Act The seller of goods is deemed to be an "Unpaid seller" within the meaning of this Act- (a) When the whole of the price has not been paid or tendered. (b) When a bill of exchange or other negotiable instrument has been received as conditional payment and the conditions on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise. --------------- --------------- | 
