When a Creditor, Through Legal Action, Seizes a Debtor's Property

question 32

True/False

When a creditor, through legal action, seizes a debtor's property to satisfy the debt, the creditor has a judicial lien.

---

Definitions:

Predetermined Order

Implies a specific sequence or arrangement of actions, events, or tasks that has been established in advance.

More Productive

Describes a state or condition in which higher levels of output or efficiency are achieved.

Organization Design

The process of shaping an organization's structure and roles to align with its strategy, goals, and culture.

Mechanistic Organization

Refers to a highly structured, formal organization with centralized authority and a clear chain of command designed for efficiency and predictability.