15:30
fucking seriously dude we're readinf 1l of a ride
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
right of retention
Read a random definition: anti-greenmail provision
A quick definition of right of retention:
Right of Retention: The right to keep something until you get paid for it or until someone reimburses you for expenses you incurred while taking care of it. For example, if you fix someone's bike, you have the right to keep the bike until they pay you for your services. This is also called a lien. In some cases, you may have the right to keep all of someone's property as security for a debt they owe you.
A more thorough explanation:
Definition: Right of retention is a legal term used in Scots law that refers to a possessor's right to keep a movable or immovable property until their claim against the property or its owner is satisfied.
For example, if a person repairs a car and the owner fails to pay for the repairs, the person who repaired the car can exercise their right of retention and keep the car until they are reimbursed for the cost of repairs.
There are two types of right of retention:
- General retention: A possessor's right to keep all property owned by a debtor as security for the debt.
- Special retention: A possessor's right to keep property owned by another until reimbursed for expenditures on the property for its repair or for its care and maintenance.
For example, if a landlord spends money on repairing a tenant's property, they can exercise their right of special retention and keep the property until they are reimbursed for the cost of repairs.
Overall, right of retention is a legal right that allows a possessor to keep a property until their claim against it or its owner is satisfied.