A Small-Amount Mechanic's Lien Typically Stays on Record Until the Property

question 3

True/False

A small-amount mechanic's lien typically stays on record until the property against which it has been filed is sold when it is paid out of the sale proceeds.

---

Definitions:

U.S. Dollar

The official currency of the United States of America, commonly used worldwide as a reserve currency and standard for international trade.

Kenyan Shillings

The official currency of Kenya, which is subdivided into 100 cents.

Floating Rate System

A currency exchange regime where a country's currency value is allowed to fluctuate in response to foreign exchange market mechanisms.

Government Intervention

Refers to regulatory actions taken by a government to affect its economy, which can include policies and laws to correct market inefficiencies and promote social welfare.