Asked by Michael McGlinchey on Apr 24, 2024
Verified
When a rug repairer fixes a damaged rug and keeps the rug until a reasonable charge for rug repairs has been made,the rug repairer has this right because of a ________.
A) surety lien.
B) guarantor lien.
C) possessory lien.
D) foreclosure liens.
Possessory Lien
A legal right or interest that a lender or storage facility has in the item in possession, as security for payment of a debt or charge.
Rug Repairer
A professional specialized in fixing and restoring rugs to their original condition.
- Understand the fundamentals and applications of liens as methods of securing claims.
- Gain an understanding of the legal principles underpinning artisans' liens and the specific conditions allowing for their enforcement.
Verified Answer
MN
Mahnoor NadeemMay 02, 2024
Final Answer :
C
Explanation :
Common law liens and most statutory liens are known as possessory liens.They give lien holders the right to keep possession of a debtor's property until a reasonable charge for services has been paid.
Learning Objectives
- Understand the fundamentals and applications of liens as methods of securing claims.
- Gain an understanding of the legal principles underpinning artisans' liens and the specific conditions allowing for their enforcement.