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LSDefine

Simple English definitions for legal terms

retention

Read a random definition: personal asset

A quick definition of retention:

Retention is a legal term that means a person has the right to keep something until they are paid for it or until their claim against it is satisfied. It's like a security deposit. For example, if you borrow your friend's bike and you damage it, your friend has the right to keep the bike until you pay for the repairs. Retention can also refer to a person's right to keep all of someone's property as security for a debt, or to keep property owned by someone else until they are reimbursed for expenses related to that property's care and maintenance.

A more thorough explanation:

Definition: Retention is a legal term used in Scots law to describe a possessor's right to keep a movable until their claim against the movable or its owner is satisfied. This is also known as a lien. There are two types of retention: general retention and special retention.

General retention is a possessor's right to keep all property owned by a debtor as security for the debt.

If a person owes money to a creditor, the creditor may have the right to keep all of the debtor's property until the debt is paid off. This means that the debtor cannot sell or dispose of their property until the debt is settled.

Special retention is a possessor's right to keep property owned by another until reimbursed for expenditures on the property for its repair or for its care and maintenance.

If a person owns a car and leaves it with a mechanic for repairs, the mechanic may have the right to keep the car until they are paid for the repairs. This means that the owner cannot take the car back until they have paid the mechanic for their services.

These examples illustrate how retention works in Scots law. It allows a possessor to hold onto property until their claim is satisfied, whether it be for a debt owed or for expenses incurred on the property.

retenta possessione | retinue

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texaslawhopefully
20:32
No, at least from the two people I know there that’s false. I think it’s just something like Chicago for conservatives is on par with S whereas for liberals it’s below HYS but above CCNP
texaslawhopefully
20:32
I mean I think even the student body there only like 15 percent is part of fedsoc
It's more just not a good # for people who aren't willing to clerk conservative. I'm sure they place liberal clerks at an above average rate for a t-6 though. Maybe higher (not entirely sure)
texaslawhopefully
20:34
Page 14 has ideological splits by school: https://scholar.harvard.edu/files/msen/files/law-prof-ideology.pdf
texaslawhopefully
20:35
Chicago/UVA are more to the right but not by an exceedingly large difference
lilypadfrog
20:36
I feel like UVA doesn’t have that reputation the way Chicago does. That’s interesting. Thanks tex
yeah I've heard about uva being conservative
siroracle
20:48
Yeah it’s only 75 percent lib that’s pretty terrifying
Dkk
20:53
lmfao
20:59
@siroracle: funny cause true
@siroracle: don't you have a bridge to be under?
shouldn't you be collecting tolls
21:00
trolololol
atwatodbit
21:04
anyone know much about mich clerking
atwatodbit
21:05
ive tried to learn more about it but its hard to cut through stuff. numbers wise they look good?
21:06
this website is a good research tool for outcomes: https://app.lawhub.org/schools
atwatodbit
21:06
@llama: thanks!
21:06
yah
Dkk
21:10
Anyone else read the Antioch shooters manifesto today. Pretty crazy stuff.
21:14
sad
YRDSL
21:31
@texaslawhopefully: it's pretty funny how even in law journal articles people can't stop confusing Penn with Penn State
texaslawhopefully
21:40
lmfao I didn't even notice that
21:42
Yeah to penn Carey students I’m sure that is a
21:42
Those are fighting words
21:46
@Dkk: one of the most deranged documents i've ever had the displeasure of reading
lilypadfrog
22:03
sometimes I go into fight or flight mode until I get all my work done
i call that locking in
Dkk
22:29
@info-man: Indeed!
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