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LSDefine

Simple English definitions for legal terms

Possessory lien

Read a random definition: fair persuasion

A quick definition of Possessory lien:

A possessory lien is a type of legal right that a person can have over goods that they possess. This means that they have the right to keep the goods until they receive payment or performance for services or materials that they provided in relation to those goods. It only applies to goods that were obtained in the ordinary course of business and is created by law. The value of the lien depends on the person's possession of the goods.

A more thorough explanation:

A possessory lien is a type of interest that secures payment or performance of an obligation for services or materials provided in the ordinary course of business. This lien is created by statute or other law and does not include security interests or agricultural liens. The value of this lien depends on the individual's possession of the goods in question.

  • A mechanic who repairs a car has a possessory lien on the car until the owner pays for the repairs.
  • A dry cleaner who cleans a customer's clothes has a possessory lien on the clothes until the customer pays for the service.

These examples illustrate how a possessory lien works. The mechanic and dry cleaner have possession of the goods (the car and clothes) and can hold onto them until the customer pays for the services provided. This gives them a legal right to keep the goods until the obligation is fulfilled.

possessory interest | possibility of a reverter

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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