Chapter 31 Flashcards
1
Q
Secured interest
A
Consensual Lien
2
Q
Statutory lien
A
Lien that is created sole through statute, regardless of whether the debtor wishes the lien to be created.
3
Q
Mechanics lien
A
When a person hired a worker to make improvements on real property but is later unable to pay the worker.
4
Q
Artisans lien
A
A claim in personal property
5
Q
Judicial lien
A
Attachment, writ of execution, and garnishment.
6
Q
Attachment
A
A court order permitting a local court officer, such as a sheriff, to seize a debtors property.
7
Q
Lien
A
A claim to property
