Youtor
What is Lien By Nidhi Baglikar
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=FEG1yeD4ZsM
Lien is a right to retain the possession of goods. • Lien may be either (i) particular lien or (ii) general lien. • In particular lien, the debtor gives the rights to creditors to retain only those specific securities or goods in respect of which dues have arisen. The general lien confers a right to retain the securities or goods in respect of all the dues payable to the creditors • Banker’s Lien: Banks are conferred with the right to retention of goods or security ( such as cheques, bill of exchange, deposits, etc.) by way of general lien until some claim attaching to it, is satisfied or discharged. The lien extends to all such documents under which money will or may be payable to the customer. • #lien #generallien #particularlien #bank • #banker #bailee #mortgage #downpaymentassistance #security
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