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[Defective Windows] Cecelia hired a contractor, Paul, to put new windows in her home that she purchased herself from Good Windows. Unfortunately, Paul made a mess of the windows. While the windows were initially in good shape, Paul cracked some, scratched others, and did not get the windows properly fitted into their frames. Cecelia received a bill for the windows from Good Windows, but she refused to pay. Cecelia was told that Good Windows would file a lien, but she believed that there was no basis upon which a lien would be granted. Paul, who refused responsibility for any problems, also filed a lien after Cecelia refused to pay him.
-Which of the following is true regarding the type of lien, if any, that Good Windows is entitled to obtain prior to going to court, assuming the court follows the reasoning of Bates County Redi-Mix Inc. v. Windler?
Annuity
A fiscal product designed to emit a stable series of disbursements to an individual, chiefly intended as support for retired people's income.
Perpetuity
A type of annuity that pays an infinite series of cash flows, continuing forever.
Constant Rate
A fixed, unchanging rate at which a specific quantity grows or decays over time.
Compounded Annually
The process of earning interest on both the initial principal and the accumulated interest from previous periods, calculated once per year.
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