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What is difference between general lien and perfect lien?
Muhammadalamgir51963
The general lien refers to any type of security while a perfect lien refers to a specific type of security.
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∙ 10y ago
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What is the difference between general lien and particular lien?
particular lien gives right to retain only such goods in respect of which charges due remain unpaid......whereas, general lien gives right to retain any goods belonging to another person for any amount due from him......
What is a general lien?
A general lien is available as a security for all debts arising out of similar transactions between the parties.
What is the difference between vacate and satisfaction of a lien?
The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
What is the Difference between a mechanic's lien and an artisan's lien?
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
What is the difference between a transfer of lien and release of lien?
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
What is difference between attachment and lien?
There are many types of liens. An attachment is a type of lien generated by a court during the course of a lawsuit.
What is No Lien Account?
No Lien accounts are account on which the concerned bank could not exercise its right of general lien (general terms and conditions).
Can a judgment lien be constructive or voluntary or general or specified. What?
A judgment lien is an involuntary lien.
What is the difference between transfer of lien and release of lien?
Release is just that -- No other party has interest or claim to property vs. Transfer which just changes the name of the lien holder and does not Release. hope this helps
What the difference between lieu and lien?
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
What is a particular lien or general lien of bail?
A particular lien exists only as security for a particular or specific debt owed, and a general lien allows a lien holder to keep possession of a debtor's goods until all debts due from the debtor have been paid.
A lien that affects all of the real and personal property owned by a debtor is called?
General lien.
