Which of the following statements is TRUE with respect to statutory liens that apply in the context of bailments?
A) The legislation provides a lien to every type of bailee,as long as the bailment is not gratuitous.
B) The statutory lien provides a right to retain possession,but not a right of sale.
C) Statutory liens are restricted to "common callings," such as innkeepers and common carriers.
D) If goods are sold under a statutory lien,any money not required to discharge the debt is paid to the bailor.
E) Statutory liens are effective regardless of who has possession of the relevant property.
Correct Answer:
Verified
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