What makes the artisans lien so powerful?
Question:
What makes the artisan’s lien so powerful?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Explanation Lien A right to lien is created when a person is not able to discharge his obligation towards the provider of goods or services Artisans lien It is the right of an artisan to sell the property that is created by him for the customer if he fails to provide the payment on time The word artisan includes laborers tradesperson launderers dry cleaners mechanics repairpersons contractors and subcontractors who provide services to their customers The law allows an artisan to sell the property of the customer and keep the proceeds that are necessary to cover the agreed expenses The remaining proceeds shall be returned to the owner For example if a person gave his clock for repairing purposes to a clockmaker and fails to provide the payment within 90 days the clockmaker is entitled by the right of the artisans lien to sell the clock to recover his expenses The clockmaker is under an obligation to ...View the full answer
Answered By
Vaibhav Bhatt
I am a law graduate having keen interest in IPR and Constitutional law. I hold one year experience of working as a subject matter expert in business laws at Evelyn Learning Systems. During my employment with the company, I created engaging and original content for the US law textbooks. I also helped the students of Australia, Canada, Malaysia, and the US in solving their academic queries.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What makes the mechanics lien so powerful?
-
What is a lien, and when is it part of a consumer loan?
-
Who is the most powerful person you know personally? What is it that makes the person so powerful?
-
According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A sample of 162 companies showed that 114 beat estimates, 29 matched estimates, and 19 fell...
-
In Problem, construct a truth table for the proposition and determine whether the proposition is a contingency, tautology, or contradiction. (pq)+ (b.
-
Li bought a house in Whitby for $ 3 0 5 0 0 0 5 years ago.He made a down payment of $ 4 6 0 0 0 and financed the house through Scotia Bank with a mortgage amortized over 2 5 years. Interest for the...
-
Give examples of information systems and automated information systems. How do they differ from each other?
-
Qualified tuition programs under 529 enjoy significant tax advantages. Describe these advantages with regard to the Federal: a. Income tax. b. Gift tax. c. Estate tax.
-
Key figures for the recent two years of both Apple and Google follow. Apple Google $ millions Current Year Current assets Current liabilities $ 162,819 105,718 Prior Year $ 131,339 $ 152,578 115,929...
-
After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $1,200,000 for...
-
1. In reaching its decision, the federal appeals court noted the rule that the sellers interest in a land sale contract is a general intangible. If this is so, how is perfection to be achieved? 2....
-
What is the legal difference between a surety and a guarantor?
-
As a result of the income she generated from her on-campus job, Anh found herself with a small amount of disposable income. In early 2019, she took $1,000 of her disposable income and purchased...
-
Using a financial calculator or spreadsheet, calculate the future value in four years of $15,000 invested today in an account that pays a stated annual interest rate of 10%, compounded monthly.
-
A series of laboratory experiments examined how team members react to the degree to which the formal leader talks during meetings. MBA students were assigned to work on a leadership simulation. The...
-
Surveys continue to show alarming levels of workplace stress. Employees are burned out on the job, losing sleep, developing illnesses, having relationship difficulties, performing at lower levels,...
-
Imagine that a company is converting from conventional mass technology to a highly flexible, computerized, integrated production system. List structural and behavioural problems that the company...
-
Organizations face business crises, which are disruptions that lead to negative responses that may affect the organizations reputation and even viability. Crisis communication is an applied...
-
Beginning three months from now, you want to be able to withdraw $2,100 each quarter from your bank account to cover college expenses over the next four years. If the account pays .45 percent...
-
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
-
Randall and Dianne Wall live in St. Louis, Missouri. Randall and Dianne are each 30 years old, neither smokes, and they have no children or other dependents. Randall is attending law school full time...
-
Carolyn is unmarried and has one dependent child, age 6, who lived with her for the entire year. In 2016, she has income of $16,000 in wages and $6,000 in alimony. Her AGI is $22,000. a. What is...
-
Jose is unmarried with no qualifying children. He has $8,300 of 2016 wages and is otherwise eligible for the earned income credit. Jose has $200 of interest income and no for AGI deductions. a. What...
-
Given the following Python code: x = 20 while x > 10: #do something x = x 1 How many times this loop will iterate. 10 11 20 20 0
-
The HTML program is fine I want help to figure out what's wrong with CSS that would not make my website look the same as the picture I provided. @charset "UTF-8"; /* CSS Document for CA3 */ body {...
-
Consider a twisted pair link of distance 2 km. It is required to compute the amount of received power Pr, assuming the transmit power Pt = 1 Watt and the cable attenuation is 20 dB/km.
Study smarter with the SolutionInn App