A bailee's right to retain property until outstanding charges concerning it are settled is termed___________?
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Answer: B. Right of Lien
Explanation
A bailee's legal right to retain goods until lawful charges are paid is known as the right of lien. This security interest allows bailees to hold property safely until compensation for services is settled. Contract law protects the financial interests of service providers through established lien provisions. Bailment involves the delivery of personal property by an owner to another person for a specific purpose. A lien grants the holder lawful possession of property until a debt or service fee is fully discharged. Common law and statutory provisions govern the creation and enforcement of various commercial liens.
Mechanics exercise a right of lien by withholding repaired vehicles until car owners pay their bills. Warehouse operators retain stored cargo legally until outstanding storage fees are settled by clients. Commercial transactions run smoothly when service providers possess legal remedies for unpaid labor. Right to compensation describes general monetary damages rather than the specific power to retain property. Right of Remuneration refers to the entitlement to receive payment rather than the retention security. None of these is incorrect because right of lien accurately names the retention power.
- Subject
- Law
- Category
- Judiciary and Law
- Topic
- —
- Difficulty
- medium
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