According to Section 2, Sub-section 8 of the Sales of Goods Act, how is an insolvent person defined?

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An individual who has stopped settling debts during normal business operationsSomeone unable to pay debts when they are dueA person who meets both conditions A and BNone of the above descriptions apply

Explanation

Insolvency, as defined under Section 2, Sub-section 8 of the Sales of Goods Act, refers to a person who has either ceased paying debts in the regular course of business or cannot pay debts as they fall due. Therefore, both conditions A and B together accurately describe insolvency.