---------- is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid.

Related MCQs

• A -------------- is a person who is entrusted with some property by the settler or the author of the trust for the benefit of another person called beneficiary.
• Holder is an individual who has lawfully received possession of a Commercial Paper, such as a cheque and who is entitled for payment on such instrument.
• A charge where there is neither the transfer of ownership nor the possession is called ______?
• Neither possession nor ownership is transferred in....
• Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.
• The right of set-off customers account can be exercised only by a-----
• These days Banks are offering Loans against Property? Under which business segment, this activity may be categorized?
• A mortgage can neither sue for foreclosure nor for sale of the property in...............
• The mortgager transfers the mortgaged property to the mortgagee on the condition that it will be retransferred upon payment of mortgaged money. This is
• As part of a mortgage agreement, a financial institution places a lien on the property until the loan is paid in full.