Whether a creditor had a general or specific possessory lien came to be determined by custom and trade usage. |
The enforcement of the possessory assizes and measures against crime was now entrusted to royal justices, sent out on eyre to act as the king's agents. |
Another example of a possessory lien is if you take your truck to a garage for repairs, the garage can keep possession of your truck until you pay the repair bill. |
In time, the common law developed two kinds of possessory liens: specific liens and general liens. |
The fact that the defendants and their predecessor believed that they owned the property does not preclude them from obtaining possessory title. |
The creditor shall give up the possessory lien where the debtor furnishes an equivalent security. |