Professional Documents
Culture Documents
1. Which of the following may the unpaid seller exercise possessory lien?
a. Waiver of the lien.
b. Expiration of term of credit.
c. Delivery to agent or bailee of buyer.
d. Possession by buyer or his agent.
2. Which of the following when the unpaid seller losses possessory lien?
a. Insolvency of the buyer.
b. Sales without stipulation as to credit.
c. Expiration of term of credit.
d. Waiver of the lien
4. The right to stop the goods by the seller may be terminated by delivery to the buyer.
TRUE
FALSE