Which of the Following Statements Is TRUE with Respect to Statutory

question 73

Multiple Choice

Which of the following statements is TRUE with respect to statutory liens that apply in the context of bailments?

• A)The legislation provides a lien to every type of bailee, as long as the bailment is not gratuitous.
• B)A statutory lien always provides a right to retain possession, but not a right of sale.
• C)Statutory liens are restricted to "common callings," such as innkeepers and common carriers.
• D)If goods are sold under a statutory lien, any money not required to discharge the debt is paid to the bailor.
• E)Statutory liens are effective regardless of who has possession of the relevant property.

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Definitions:

Interdependence

The mutual reliance or dependence between individuals or groups, where actions or outcomes for one party affect the other.

Explicit Strategy

A clearly defined plan of action designed to achieve a specific goal or set of objectives, which is articulated in a direct and unambiguous manner.

New Task

A novel assignment or duty that needs to be completed, often differing from previous or routine tasks.

Ambiguous Plan

A strategy or proposal that is unclear or lacks specific details, leading to potential confusion or misunderstanding.