A Bailment Was Created Between Owen and Padma

question 53

Multiple Choice

A bailment was created between Owen and Padma.The bailment involved the storage of a widget for 12 months.The price for storage was $1000 per month.At the end of the year,only $5000 had been paid in total.The widget was worth $10 000.It was sold for that amount under a lien and right of sale.Ignoring the costs associated with the enforcement of the lien and the right of sale,when the sale proceeds are distributed,the bailor will be entitled to receive

• A)$1000.
• B)$3000.
• C)$7000.
• D)$10 000.
• E)$12 000.

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Definitions:

Craving

An intense, often uncontrollable desire for a specific stimulus, such as a drug, food, or activity.

Heroin

Heroin is an opioid drug made from morphine, a natural substance taken from the seed pod of the various opium poppy plants, which is highly addictive and illegal, used for its euphoric effects.

Antagonist Drugs

Medications that block or dampen the action of neurotransmitters or hormones, often used in the treatment of various diseases and conditions.

Psychoactive Drugs

Substances that affect the mind, mood, or other mental processes, often used recreationally or as medication.