Quinlan Picked Up the Goods That He Had Stored in Dana's

question 26

Essay

Quinlan picked up the goods that he had stored in Dana's warehouse,promising to pay Dana the following week.Several months passed,and Quinlan still had not paid Dana for storing the goods.Dana claimed that she had a warehouser's lien on the goods that were stored in her warehouse.Was Dana correct? Why or why not?

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Definitions:

Purchase Order

A document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services.

Vendor

A business or person that sells goods or services.

Bank Reconciliation

The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they match and are correct.

Check Amount

The sum of money written on a check that the drawee is directed to pay.