Examlex
Building Company adds a shipping dock to the property of Corporate Complex, but the owner does not pay. Building files a lien on Corporate's property. The property
Obligation
A legal or moral duty to perform or refrain from performing a specific act.
Term of the Debt
The length of time over which a borrower is required to repay a debt.
Mechanics' Lien
A legal claim against a property by construction workers, contractors, or suppliers for unpaid labor or materials.
Pennsylvania System
A penal system, also known as the separate system, developed in the 19th century, focusing on solitary confinement and individual penance as a form of rehabilitation.
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