If a Creditor Is Successful in a Legal Action Against

question 28

Multiple Choice

If a creditor is successful in a legal action against a debtor, the court will award the creditor:

• A) a revisionary lien
• B) a judgment lien
• C) a detachment lien
• D) a lien pendant
• E) none of these

---

Definitions:

Organization

A structured group of people who work together to achieve a particular goal or set of goals.

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire or die.

Leadership Successor

An individual who has been identified or groomed to take over a leadership position in an organization, ensuring continuity in leadership.

Family Businesses

Enterprises owned and managed by members of one or more families, often inheriting leadership roles across generations.