In Law what does to" exercise a right of Baliment "mean?

Question

there is a dispute over timber royalties and the log supplier wants to get more money than the market rate and is holding timber i have cut to use as leveridge.

Answer 1

Go to http://en.wikipedia.org/wiki/Bailment for more info......but the right to bailment, the one the supplier is exercising is just a way of holding on to the property to make sure he gets paid, if there is a dispute in court, he can hold on to the property until everything's decided, if he is doing it lawfully. But it works like a "surety", you transfer the property which you still own, like insurance.