Property OwnershipEASY
When unpaid contractor work creates a lien, it's called:
Correct Answer
D) Mechanic's Lien
A mechanic's lien is placed on property by contractors, subcontractors, or suppliers who have not been paid for work performed or materials supplied for property improvements.
Answer Options
A
Voluntary LienB
Luxury Expense LienC
Property Tax LienD
Mechanic's LienAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
lien-prioritytitle-examinationproperty-encumbrances
Key Terms:
mechanic's lieninvoluntary liencontractor lienunpaid laborspecific lien
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