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Which of the Following Is a Target,objective,or Result

question 125

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Which of the following is a target,objective,or result?


Definitions:

Mechanic's Lien

A security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

Judicial Lien

A legal claim on property obtained through the court system to secure payment of a debt or judgment.

Suretyship

A contract between a creditor and a third party who agrees to pay another person’s debt.

Guaranty

A type of contract which ensures that a third party is secondarily liable for the debt to be paid; similar to a suretyship.

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