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Possessory Lien
Possessory Lien right of a party in possession about anothers goods to retain like the m as security about an obligation owned as in the owner. Therefore the lien exists like common law. Where It has been codified through the Sales of Goods Act in such relation to contracts of sale of goods. Hence possession is indispensable and whether to create the lien the possession must be legal, and like continuous, and just not for a particular reason. Regularly such the lien will be lost whether the person entitled for it parts with possession also.
(1) General LienSuch a general lien provides the person in possession of goods for the right to retain those goods whether any debt due to him through the owner of the goods has been paid for—although the debt is in respect of those goods may otherwise. However a lien may be enjoyed through express or implied term of the contract, where it may from general custom or like usage. Therefore few example as;, advocates, like bankers, and factors, as well like stockbrokers plus auctioneers have as general lien.(2) Particular LienHowever an inkeeper has a possessory lien more than the goods of a guest for his premises; whether a lien is in the nature such a particular lien but it can be exercised merely re monies due in respect to the particular visit as—since it really stands in a individual class but the inkeepers claim does not fundamentally relate to the goods.
Business Names: If a company has a place of business in Kenya and carries on business under a business name which does not consist of its corporate
Characteristics of Contract of Guarantee (a) There have be three parties: as the creditor, as the debtor and as like the surety or like guarantor. (b) There have be as a pr
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Explain in detail about the policy co-ordination of each country With no policy coordination each country will attempt to maximise its own welfare, taking the other country's m
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Arbitral Award However the decision of the arbitral tribunal is referred to like an arbitral award. Therefore the terms of employment really require the arbitrator that must m
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You are an audit manager in Ecco & Co, a firm of Chartered Accountants. At the monthly audit managers' meeting, the following client situation was reviewed and discussed. Ecco &
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