A Bailment Relationship Was Created Between Vijay and Amanda

question 12

Multiple Choice

A bailment relationship was created between Vijay and Amanda. It was intended to last for two weeks. That period has expired. Amanda now claims that she is entitled to exercise a lien. Which of the following statements is TRUE?

• A) A lien can exist only if it was created by statute.
• B) A lien does not exist if the goods were legitimately returned to their owner at the end of the bailment.
• C) If Amanda is entitled to enforce a lien, she is also entitled to exercise a right of sale.
• D) Amanda must be a common carrier.
• E) Amanda was probably the bailor.

Understand and apply the Sharpe ratio to evaluate investment performance.

Describe and apply return on investment (ROI) concepts to assess business performance.

Use statistical and financial functions in software (e.g., Excel or PHStat) to analyze investment and financing options.

Understand the fundamental concepts of debits and credits in accounting.

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Definitions:

Networking

Making personal connections and cultivating relationships with people in a certain field, profession, or area of interest.

Personal Business Connections

Relationships or networks established between individuals through their professional activities for mutual benefit.

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Profession

An occupation requiring specialized knowledge and often long and intensive academic training.