If a Vessel Is Sold, the Lien Goes with the Ship

question 24

True/False

If a vessel is sold, the lien goes with the ship, even if the new owner is unaware of its existence.

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Definitions:

Overcompensate

Making excessive corrections or adjustments in attempting to rectify a perceived flaw, mistake, or deficiency.

Inferiority Complex

A psychological condition in which an individual feels a pervasive sense of inferiority to others, often leading to lack of self-esteem and overcompensation in various forms.

Superiority Complex

A psychological defense mechanism in which an individual's feelings of superiority are exaggerated, often to mask feelings of inferiority.

Defence Mechanisms

Unconscious psychological strategies used to cope with reality and maintain self-image by reducing anxiety arising from unacceptable thoughts or feelings.