When can a lienholder sell goods or claim ownership if he possesses goods because his charges are not paid?
A)After two months
B)It depends upon the value of the goods.
C)After following state procedure or filing a lawsuit.
D)After posting a public notice of the sale.

Question

Quizplus · Accepted Answer

Commonly,there is a procedure provided by statute for selling property once it has been held for a certain period of time.If there is no statutory procedure,the lienholder must first bring a lawsuit against the debtor.

When Can a Lienholder Sell Goods or Claim Ownership If