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Why might a family construct a "family myth?"
Builder's Lien Act
Legislation that gives builders and contractors a right to secure payment for labor and materials through a lien on the property they have worked on.
Attachment
Under the Personal Property Security Act, the situation in which value has been given pursuant to the contract, giving the creditor a claim against the assets used as security if there is a default by the debtor.
Purchase Money Security Interest
A legal claim or lien on collateral provided by a borrower to secure a loan used to purchase the collateral.
Personal Property Security Act
Legislation governing the use of personal property as security for a loan or obligation, detailing rights concerning collateral.
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