What is the difference between a charging lien and a retaining lien? In what circumstance is each

Question:

What is the difference between a charging lien and a retaining lien? In what circumstance is each used?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Law Office Management

ISBN: 978-1133280842

5th edition

Authors: Pamela Everett Nollkamper

See More Books

Question Posted: Feb 12, 2015 07:05 AM

See More Questions

What is the difference between a resident set and a working set?
What is the difference between a page and a segment?
What is the difference between a passive star and an active repeater in a fiber network?
Use the data below to compute for the Gini coefficient. Round off the Gini coefficient to four (4) decimal places. INCOME CLASS (K) FIRST SECOND THIRD FOURTH FIFTH INCOME SHARE (YK) 0.02 0.12 0.28...
An ideal gas goes through a constant T reversible heat addition process. How do the properties (v, u, h, s, P) change (up, down or constant)?
Alex puts $12,000 into an investment account that earns 6.2% compounded quarterly for the first 2 years and 6.6% compounded semi-annually for the next 3 years. (In your rough work, it may be helpful...
A pump moves water horizontally at a rate of $0.02 \mathrm{~m}^{3} / \mathrm{s}$. Upstream of the pump where the pipe diameter is $90 \mathrm{~mm}$, the pressure is $120 \mathrm{kPa}$....
The Skyline Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for...
In 1965, the United States was at war with North Vietnam. Many people protested against it. Inspired, several students in Des Moines, Iowa planned a protest. They decided to wear black armbands with...
Refer to all of the facts in Problem 11-1. Problem 11-1 Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of...
What is the lodestar approach to calculating a reasonable fee?
Research Data, a large corporation, retained attorney Cecilia Patino to represent it in a breach-of-contract action. Research Data agreed to pay Cecilia a one-third contingency fee. After filing suit...
How does it differ from long- term investment or long- term borrowing decisions?
What considerations are relevant in selecting a sampling technique in international marketing research?
What are some reasons a potential prospect might not be readily accessible? How far should you go to try to overcome such an accessibility problem before you move to the next lead?
Select two of the approach strategies and develop each one into a one-page dialogue between you and a customer.
How often should performance appraisals be conducted?
What is the difference between the $t$ distribution and the normal distribution?
The idea of light rays goes back to the ancient Greeks. How- ever, they believed that "visual rays" were emitted by eyes. If you were transported back in time, what arguments would you present to...
Why is it important to understand the macro-environment when making decisions about an international retail venture?
What are the measures of variability for the boxplot and histogram?
What was the Jim Jones Koolaid affair?
Match the following terms with their definitions: ___ A. Equal Pay Act ___ B. Right to sue letter ___ C. ADEA ___ D. Title VII ___ E. ADA 1. Statute that prohibits an employee from being paid at a...
True or False: 1. In a disparate impact case, an employer may be liable for a rule that is not discriminatory on its face. 2. Title VII applies to all aspects of the employment relationship,...
Houston stock is selling for $47 and has the following six-month options outstanding. Strike Price Option Market Price Call Option $45 $5 Call option $50 $2 a. Which option(s) is (are) in the...
A regional electrical distributor currently has 1,000 customers who buy an average of $5,000 per year, generating a 50% margin. From experience, the company knows that 20% of its customers will not...
Suppose you observed that one-year T-bills are trading with a yield to maturity (YTM) of 4.75%. The yield spread between AAA and BB rated corporate bonds is 130 basis points. The maturity yield...

What is the difference between a charging lien and a retaining lien? In what circumstance is each

Question:

Step by Step Answer:

The difference between a charging lien and a retaining lien is that a charging lien is placed on a ...View the full answer

Fundamentals of Law Office Management

Students also viewed these Business Law questions