Possessory lien, Business Law and Ethics

Assignment Help:

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 Lien

Such 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 Lien

However 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.


Related Discussions:- Possessory lien

Advertising gambit, Bagra Used Cars Ltd. has as the most prominent show on ...

Bagra Used Cars Ltd. has as the most prominent show on its lot an immaculate, highly polished model which rotates slowly on a raised circular platform under powerful floodlights. T

Important step in the policy making process, QUESTION 1 (a) According t...

QUESTION 1 (a) According to Thomas Dye "Public Policy is whatever governments choose to do or not to do". How far do you agree? (b) Explain clearly how the first important s

Judges of appeal, Judges of Appeal, Attorney and Registrar Judges of...

Judges of Appeal, Attorney and Registrar Judges of Appeal However a "judge of appeal" is a judge that who is appointed to the Court of Appeal. Attorney - General

Warrantless arrest law, The "search incident" exception authorizes a search...

The "search incident" exception authorizes a search of the arrestee's person, including examination of personal articles such as wallets, purses, or other items, as well as the are

Ultra vires- objects clause, The Doctrine of 'Ultra Vires':           ...

The Doctrine of 'Ultra Vires':                          The doctrine of ultra vires is a legal rule that was articulated by the House of Lords in the case of Ashbury Rail, Car

Determine the deciding factor with respect to legislature, Determine the de...

Determine the deciding factor with respect to legislature Party with most votes has been in control of the legislature, so the deciding factor with respect to legislature is th

Explain two scenarios of restraint of trade clause, Explain two scenarios i...

Explain two scenarios in which a restraint of trade clause would typically be used.

Winding-up, Winding-Up:    (a) A company is dissolved, i.e. ceases t...

Winding-Up:    (a) A company is dissolved, i.e. ceases to exist, when its name is removed from the register.  It is usually necessary, before it can be dissolved, to liquida

Explain about the tort of negligence, Explain about the tort of negligence....

Explain about the tort of negligence. A form of civil wrong where a contract doesn’t exist among the two parties and this is not a crime where punishment is the major goal to t

Wishes of members of parliament -disadvantages law, Wishes of members of pa...

Wishes of members of parliament -Disadvantages law: However acts of Parliament do not reflect the wishes of the people as voters although the wishes of the individuals that wh

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd