A Lien That Is Expanded to Cover Any Additional Property

question 51

Multiple Choice

A lien that is expanded to cover any additional property that is acquired by the debtor while the debt is outstanding is known as a:

• A) tax lien.
• B) possessory lien.
• C) floating lien.
• D) blanket lien.
• E) judgment lien.

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Definitions:

Local Competitors

Businesses within the same geographic area that offer similar products or services and compete for the same customer base.

Managers

Individuals in charge of directing and overseeing the activities of a group or organization to achieve specific objectives.

Union Organizing Campaign

A coordinated effort aimed at convincing workers to join or form a union to negotiate collectively with their employer.

Organizations

Groups of people who work together in an organized way for a shared purpose.