172. Power to sell uncollected goods.

A bailee has the power of sale over goods in his possession or under his control where1:

  1.  

    (1)     the bailor is in breach of an obligation to take delivery of them or, if the terms of the bailment so provide, to give directions for their delivery2;

  2.  

    (2)     the bailee could impose such an obligation3 by giving notice to the bailor but is unable to trace or communicate with him4; or

  3.  

    (3)     the bailee can reasonably expect to be relieved of any duty to safeguard the goods on giving notice to the bailor, but is unable to trace or communicate