Possessory liens give the lienholder the right to keep possession of the debtor's property:
A) for a reasonable period of time after the debt has been paid.
B) until the debtor regains possession by fraud or other illegal act.
C) until the reasonable charges for the service have been paid.
D) even if possession of the goods has not been entrusted to the lienholder.

Question

Quizplus · Accepted Answer

The common law lien and most of the statutory liens are known as possessory liens. They give the lienholder the right to keep possession of the debtor's property until the reasonable charges for the service have been paid.

Possessory Liens Give the Lienholder the Right to Keep Possession