Asked by Krupa Patel on Apr 29, 2024
Verified
In order to enforce a right to sell property that is subject to a bailment when the bailor does not pay an agreed upon price, a bailee is given a[n] ________.
A) Bailee's lien
B) Bailor's lien
C) Bill of lading
D) Lien document
E) Enforcement lien
Bailee's Lien
A right that allows a bailee (a person who temporarily holds property for another) to retain possession of the property until payment is made.
Right To Sell
The legal authority granted to an individual or entity to sell a particular product, property, or service.
Bailor
An individual or entity that entrusts possession of goods or property to another (the bailee) under an agreement.
- Grasp the judicial framework that envelopes bailments, highlighting the liabilities and privileges of both bailors and bailees.
- Examine and implement the legal standards that control documents of title and their significance in the process of bailment.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
A
Explanation :
A bailee's lien is a legal right granted to the bailee to retain possession of the property under bailment until the bailor pays the agreed upon price or fulfills the agreed upon terms.
Learning Objectives
- Grasp the judicial framework that envelopes bailments, highlighting the liabilities and privileges of both bailors and bailees.
- Examine and implement the legal standards that control documents of title and their significance in the process of bailment.