in

What is a possessory lien?

The right of a person in lawful possession of the property of another to retain possession of the property as security for a claim against its owner.

What do you think?

138 Points
Upvote Downvote

Written by Ship Inspection

Leave a Reply

Your email address will not be published. Required fields are marked *

What are examples of possessory liens in everyday life ashore?

What are the chief types of lien of interest to shipmasters?