When Can a Lienholder Sell Goods or Claim Ownership If

question 31

Multiple Choice

When can a lienholder sell goods or claim ownership if he possesses goods because his charges are not paid?

• A)After two months
• B)It depends upon the value of the goods.
• C)After following state procedure or filing a lawsuit.
• D)After posting a public notice of the sale.

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Definitions:

Extreme-Value Retailers

Stores that specialize in offering a wide range of products at exceptionally low prices, often in a no-frills shopping environment.

Corner Store

A small retail outlet, often located on a street corner, offering a limited range of household goods and groceries.

Supercenter

A large retail establishment that combines a supermarket and a department store, offering a wide range of products under one roof.

Off-Price Stores

Retail outlets that sell branded goods at lower prices than conventional retail stores, usually by buying overstocked or out-of-season items.