Legal Question in Business Law in California

hlding tools as collateral

Can a business that I sub-contract for hold a tool that I loaned to them as collateral for a disputed debt that they say I owe them?


Asked on 3/19/07, 6:36 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: hlding tools as collateral

No. If they did work on the tool and the debt was for that work, then they could hold it, but if the debt is unrelated to the tool they have no right to hold it unless, of course, you offered it as collateral in the first place.

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Answered on 3/19/07, 8:28 pm


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