example of general lien
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It is a right to retain the property belonging to another for a general balance of the account. A general lien is available to bankers, factors, attorneys of High Court and policy brokers. Example of General Lien; ... In the savings bank account, he has a credit balance of $500.
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In the current account, lie has an overdraft of $1,000. The bank can exercise the right of lien on the savings account for the amount due on the current account. ... This right can be exercised against any property belonging to the other party in possession of the person exercising the right.
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