Equitable lien, Business Law and Ethics

Equitable Lien

General examples are for the lien of an unpaid seller about land who that has moved out of possession to unpaid purchase money and such the right of partners on dissolution such for partnership property applied in their payment of the firm's liabilities and various balance divided in profit of sharing ratio. Therefore an equitable is a right in equity for certain property applied in the particular way. Whether it attaches independently about the possession of the property and such is enforced through applying to the Court for an instruct for sale.

Posted Date: 2/2/2013 7:21:54 AM | Location : United States

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