A right to retain the possession of a property until the due amount is paid is known as :
A right to retain possession of property until a due amount is paid is a "Lien", which is a right to retain rather than to sell or enjoy the thing. It differs from a…
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A right to retain the possession of a property until the due amount is paid is known as :
Answer and explanation
Correct answer C
A right to retain possession of property until a due amount is paid is a "Lien", which is a right to retain rather than to sell or enjoy the thing. It differs from a "Mortgage" or "Lease" in conferring only a right of retention as security.
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