Question
A general lien as per section 171 of the Contract Act
can be exercised by whom?Solution
Section 171.Β Β General lien of bankers, factors, wharfingers, attorneys and policy-brokers: Bankers, factors, wharfingers, attorneys of a High Court and policy-brokers may, in the absence of a contract to the contrary, retain as a security for a general balance of account, any goods bailed to them; but no other persons have a right to retain, as a security for such balance, goods bailed to them, unless there is an express contract to that effect.
While assessing the cred it risk of a borrower for a Term Loan, the most important ratio to be considered is ______ _ . Β
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