Which of the Following Types of Liens Is Automatically Superior

question 16

Multiple Choice

Which of the following types of liens is automatically superior to any other lien?

• A) Property tax and assessment lien
• B) Mortgage lien
• C) Lien arising from a court judgment unrelated to ownership of the property
• D) Mechanics' lien

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable.

Federal Trade Commission

A US government agency whose primary purpose is to enforce civil antitrust law and promote consumer protection.

Interstate Commerce

The trade, traffic, or transportation of goods, services, or money across state boundaries within the United States, regulated by federal government.

Price Discrimination

A pricing strategy where identical or very similar goods or services are sold at different prices by the same provider in different markets or to different buyers.