1) What is Lien :
The term Lien means " right to retain the goods or securities till the debt is cleared. there are two kinds of lien 1) General Lien, and 2) Particular Lien.
2) Essentials for Lien :
1) The agent must be in lawful possession of the goods.
2) There must not be any right inconsistent with the lien.
Example if the property is handed over to the agent for some particular purpose which is an consistent with his right of lien. He cannot claim the lien.
3) The property should belong to the principal
4) The property should have been received by him in his capacity as an agent.
5) The right of lien is subject to the rights of third parties and equities against the principal.
See also
1) Distinction between General Lien and Particular Lien
2) What is bailment and What are the Duties of Bailee ?
3) Distinction/ Difference between Bailment and Pledge
4) Distinction/ Difference between Bailment and Agency
5) Why Law protects Possession ?
The term Lien means " right to retain the goods or securities till the debt is cleared. there are two kinds of lien 1) General Lien, and 2) Particular Lien.
2) Essentials for Lien :
1) The agent must be in lawful possession of the goods.
2) There must not be any right inconsistent with the lien.
Example if the property is handed over to the agent for some particular purpose which is an consistent with his right of lien. He cannot claim the lien.
3) The property should belong to the principal
4) The property should have been received by him in his capacity as an agent.
5) The right of lien is subject to the rights of third parties and equities against the principal.
See also
1) Distinction between General Lien and Particular Lien
2) What is bailment and What are the Duties of Bailee ?
3) Distinction/ Difference between Bailment and Pledge
4) Distinction/ Difference between Bailment and Agency
5) Why Law protects Possession ?
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