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Probate

Sep. 22, 2009

Going Once, Twice, Sold

Gregg Garfinkel of Nemecek & Cole says failure to properly execute a lien could subject warehousemen to civil liability.

LIENS

Gregg Garfinkel

A warehouseman has a lien on goods left in his care as security for payment for all services performed, including storage charges, processing fees, transportation, and auction fees. The lien protects the warehouseman in the event that the bailor, or person entrusting her goods to the warehouseman, defaults on her obligations to the warehouseman. Unfortunately, these trying economic times have caused a significant increase in t...

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