A Lien Is an Encumbrance on a Property to Satisfy

question 62

True/False

A lien is an encumbrance on a property to satisfy or protect a claim for payment of a debt.

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Definitions:

Board of Directors

A group of individuals elected to represent shareholders and make high-level decisions about the direction and policy of a company.

Company Founder

An individual who establishes and initiates the creation of a company or business.

Internal Constraint

refers to limitations or restrictions that come from within an individual or organization, affecting decision-making or actions, such as personal beliefs or organizational policies.

Powerful Coalitions

Alliances between individuals or groups that combine resources, influence, or power to achieve a common objective, often in political or organizational contexts.