Uncollected goods, disposal of

By:

James Knight

James is a lead editor for Invezz, where he covers topics from across the financial world, from the stock… read more.

Updated: Aug 20, 2021

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Where goods left for repair are not collected, the repairer has certain powers either by custom or by statute. The most important statute is the Disposal of Uncollected Goods Act 1952, which states that if the goods are not collected or paid for within a reasonable time, the bailee may give notice that the goods are ready for collection. If he receives no reply to his notice after twelve months, he may give another notice stating his intention to sell. If no reply is received within two weeks, he may sell the goods, but only by public auction. The proceeds of the sale must be retained and after deduction of costs, including storage, etc., the monies must be handed over to the bailor. A notice that the provisions of the Act apply must be prominently displayed on the bailee’s premises, bailment.

Reference: The Penguin Business Dictionary, 3rd edt.