Question: Please answer the following two part question fully as a business law question and follow the IRAC principle whenever possible. (a) In what circumstances does

Please answer the following two part question fully as a business law question and follow the IRAC principle whenever possible.

(a) In what circumstances does an unpaid seller acquire a lien over goods they sold?

(b) A sold a consignment of Diamonds in Albany to B for $30,000.00. B paid $12,000.00 when the sale was made and agreed to pay the balance of the price on delivery of the stones to his premises in Buffalo.

A instructed C, a security messenger, to deliver the stones to B and collect the balance of the purchase money. On arrival in Buffalo, C was informed that B was insolvent and notified A. A ordered C to withhold delivery. B claims that he was not insolvent and threatens to sue both A and C.

Advise A and C.

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