What Is the Named Used to Describe the Individual Who

question 60

Multiple Choice

What is the named used to describe the individual who has the right to enforce a lien over property until such time as storage fees have been paid?

• A) warehouseman
• B) financier
• C) storagekeeper
• D) skilled storagekeeper

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Definitions:

Creditor Beneficiary

A third party that benefits from a contract made between two other parties because the contract discharges a debt or duty owed to them.

On Credit

The purchase of goods or services with the promise to pay at a future date.

Just Books

a term potentially referring to a concept of fairness in accounting practices, ensuring that records are accurate and truthful.

Incidental Beneficiary

A party who indirectly benefits from a contract but has no legal right to enforce the agreement made between other parties.