What Is the Name Used to Describe the Individual Who

question 51

Multiple Choice

What is the name 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:

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.

Abandoned Property

Property that has been discarded by the owner, who has relinquished all rights and claims over it.

Possessing

The act of owning or having certain goods, assets, or properties under one's control.

Leased

Pertains to a contractual agreement where one party, the lessor, grants another party, the lessee, the use of an asset for a specified time in exchange for payment.