Mechanics' and Materialmens' Liens on Personal Property Flashcards
A mechanic can assert a lien for _____ ___ _______ charges for alterations or repairs to a piece of personal property. e.g. an actual mechanic.
just and reasonable
A personal property lien must be for repairs requested by the…
owner or by a person in rightful possession.
The ________ must be in possession of the property.
mechanic
What’s the recording requirement?
There is no recording requirement. Possession is the public act.
A lien against the lawful possessor can be up to…
$1000.
If the property value is less than $5,000, the mechanic can…
Conduct a self-help sale. The automechanic with a mechanics’ lien can just sell the car.
For a mechanics’ lien for over $5,000, you enforce it by…
bringing a creditor’s suit in equity. The lienholder must join all intrerestholders as defendants.
In a dispute between mechanic and possessor, the owner may…
sue for possession, but must post bond.
What is the priority distribution for mechanics’ liens in personal property?
Priority is for repairs done in the ordinary course of business.
This is NOT a first in time, first in right system.