A Software Engineer Installs New Software in Dick's Computer and Returns

question 90

Multiple Choice

A software engineer installs new software in Dick's computer and returns the computer to Dick.Dick defaults in his payments for the new software.The software engineer loses his right of lien because:

• A)this kind of service is not covered under statutory liens.
• B)there is no surety or guarantor involved in the transaction.
• C)he has given the computer voluntarily without asking for any consideration.
• D)the computer rightfully belongs to Dick.

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Definitions:

Equivalent Interest Rate

A rate that reflects the actual annual cost of a loan or the earnings on an investment, taking into account the effect of compounding.

False Consensus Effect

A psychological bias where individuals believe their own viewpoints, actions, and behaviors are more common in the general population than they actually are.

Actors

Individuals who perform in stage plays, movies, television shows, or other productions, portraying characters.

Observers

Individuals who watch or notice something without directly participating in the action.