The Following Lien Has Priority Over All Other Liens

question 2

Multiple Choice

The following lien has priority over all other liens:

• A) real property tax lien
• B) mortgage
• C) construction lien

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Definitions:

Preemptive Right

The right of existing shareholders to purchase additional shares before the company offers them to the public, maintaining their proportional ownership.

Common Shareholder

A common shareholder is an individual or institution that owns common shares in a company, giving them rights to vote at shareholder meetings and to receive dividends.

New Stock

Shares that have been issued to the public for the first time through an initial public offering (IPO) or additional issuance.