Subject Administration Arts Administration


Write 3 original sentences using these terms and based on the legal definitions:
1. Statutory Lien - A type of nonconsensual lien that is created automatically by law. Examples of statutory liens are mechanic's liens and materialman's liens
2. Tax Lien - A type of nonconsensual lien that is imposed by Federal, state and local governments in response to delinquent taxes. Tax liens are almost never eliminated by the bankruptcy process.
3. Judicial Lien - A type of nonconsensual lien that is created against a person's property by a petitioner who wins a monetary judgment in a lawsuit against that person and then takes the additional steps needed to record a lien against the property.

Solution Preview

This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.

Statutory lien: Statutory lien refers to the right or authority, of securing or restricting the use of property against failure of paying owed debts, which is being provided to an individual by the prevailing laws of statutory or governing bodies and enforceable under varying circumstances...

This is only a preview of the solution. Please use the purchase button to see the entire solution

Assisting Tutor

Related Homework Solutions

Get help from a qualified tutor
Live Chats