Accountancy, asked by Jjjjjjjjjj789, 9 months ago

Explain the conditions to exercise the right of lien in bank

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Answered by Manjeet7777

Conditions for Exercising Lien

The goods for which this right is to be executed has to be possessed by the creditor who exercises it. There has to be a lawful debt due to the person in possession of the goods by the owner. There should not be any contract to the contract.

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