Multiple choice

The essence of a right of lien is to

  1. delivery of goods

  2. retain the possession

  3. regain the possession

  4. none of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A lien is the right to retain possession of goods belonging to another until a debt or claim is satisfied. Unlike ownership, lien only gives the right to retain possession, not to sell or destroy the goods. It's a possessory security interest available to unpaid sellers and bailees.