Examlex
Which of the following is TRUE regarding ACT 251?
Lien
A creditor's legal claim on a debtor's property, enduring until the associated debt is fully repaid.
Types Of Liens
Various legal claims or holds on property as security for the payment of a debt or obligation.
Consensual
Agreed upon by all parties involved; based on or involving mutual consent.
Statutory
Pertaining to laws passed by a legislative body; relates to statutes.
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