(1)Subject to this section, a contract of sale is not rescinded by the mere exercise by an unpaid seller of his or her right of lien or retention or stopping goods in transit.

(2)Where an unpaid seller who has exercised his or her right of lien or retention or stoppage in transit re-sells the goods, the buyer acquires a good title to the goods as against the original buyer.

(3)Where the goods are of a perishable nature, or where the unpaid seller gives notice to the buyer of his or her intention to re-sell, and the buyer does not within a reasonable time pay or tender the price, the unpaid seller may re-sell the goods and recover from the original buyer, damages for any loss occasioned by his or her breach of contract.

(4)Where the seller expressly reserves a right of re-sale if the buyer makes default, and on the buyer making default re-sells the goods, the original contract of sale is rescinded, but without prejudice to any claim the seller may have for damages.