Property OwnershipLiensMEDIUM
A Texas vendor's lien is:
Correct Answer
B) A seller's lien for unpaid purchase price
A vendor's lien secures the unpaid portion of the purchase price for the seller.
Answer Options
A
A lien held by a contractorB
A seller's lien for unpaid purchase priceC
A government tax lienD
A lien for HOA feesVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
lien-priorityreal-estate-contractsdefault-and-foreclosure
Key Terms:
vendor's lienseller financingunpaid purchase priceTexas deedequitable lien
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