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Types of liens

Authored by Надежда Сидорова

Social Studies, English

University - Professional Development

Used 4+ times

Types of liens
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10 questions

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1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

____a claim against a property which secures payment for taxes owed to the government

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

———a claim imposed on a person against whom a judgement has been entered but remains unsatisfied.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

a lien created by agreement between the parties is called ——

consensual lien

judicial lien

statutory

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

a prejudgement interest in assets resulting from a court order or writ to seize such assests.

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

a claim against real property which secures payment for work or services carried out on that property.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

garnishment is ———

a legal right to property an owner gives to creditor as collateral for repayment of a debt through the creation of a security interest

a court order directing that money or property of a third party (usually wages paid by an employer) be seized to satisfy a debt owed by a debtor to a plaintiff creditor

a right created by a court order or writ directing the seizure of assests of a debtor in order to enforce a judgement

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

creditors may get favoured by two means ——-

lien

priority

encumbrance

fist-in-time rule

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