A Purchaser's Lien

question 68

Multiple Choice

A purchaser's lien

• A)is available only as long as the purchaser has possession of the property.
• B)is usually found within a mortgage document.
• C)is a form of security.
• D)allows a purchaser to occupy a piece of land before the full purchase price is paid.
• E)usually results in an order for specific performance.

---

Definitions:

Tort

A non-criminal action causing damage or injury to another party, which subjects the wrongdoer to legal accountability through the system of torts.

Compensable Damages

Damages that a plaintiff can recover in a lawsuit, representing monetary compensation for loss or injury.

Punitive Damages

Monetary compensation awarded to a plaintiff, above and beyond actual damages, to punish the defendant for egregious conduct.

Wealthy Defendant

A term not typically used in a specific legal context, but generally refers to a defendant in a legal action who has significant financial resources.