Asked by
Jaely Velasquez
on Nov 28, 2024Verified
United Contractors Inc. holds a lien on Vista Estate's real property. This property can be sold to satisfy the debt if, before the sale, notice is given to
A) Vista Estate.
B) Vista Estate's other creditors.
C) the general public.
D) the state in which the property is located.
Lien
A legal right or claim against a property by a creditor to secure the payment of a debt.
Real Property
Refers to land and any permanent structures or improvements attached to the land, such as buildings or houses.
Debt
Money owed by one party to another under conditions of repayment.
- Comprehend the role and implications of liens in securing debt.
Verified Answer
JH
Learning Objectives
- Comprehend the role and implications of liens in securing debt.