Liens

Question 1

Special Lien

Answer 1

Right to retain specific property as security for charges due for services concerning the specific property. Lienor must have possession and added value

Question 2

General Lien

Answer 2

Right to retain all the property of another as a security for a general balance due. Only arises out of contract, statute, or well-established usage or custom of trade

Question 3

Garage Keeper’s Lien

Answer 3

Automobile mechanic has a lien on the vehicle for work provided
May sell the automobile at public sale after obtaining a certificate of foreclosure and giving the owner notice and an opportunity to satisfy the lien

Question 4

Self-Storage Facility Act

Answer 4

Owner of self-storage facility has a lien on the contents of storage units for unpaid rent and fees. Owner may sell the contents at a public sale after providing public notice and notice to interested parties

Question 5

Waiver of Lien

Answer 5

By contract
By acceptance of Other Security
By Demand for Excess Charges
Reservation of Lien or Temporary Use by Bailor

Question 6

Mechanic’s Lien vs. Perfected Security Interest

Answer 6

A lienor who performs labor to repair or improve the property at the owners request, has priority against the holder of a perfected security interest in the same property

Question 7

Enforcement of Lien

Answer 7

Power to enforce the lien by sale, either by notice or judicial foreclosure