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