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LSDefine

Simple English definitions for legal terms

Possessory lien

Read a random definition: prisel en auter lieu

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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just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
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