Sujetos
Inicio
/
Derecho
/
A Lien Is a Legal Claim on a Borrower's Property by a Creditor Who Is Owned Money. True False

Problemas

A lien is a legal claim on a borrower's property by a creditor who is owned money. True False

Roztwór

Flavia professionell · Tutor durante 6 años
Weryfikacja ekspertów
4.5 (265 Votos)

Respuesta

True

Explicación

## A lien is a legal claim or a "hold" on some type of property, whether personal or real property, making it collateral against monies or services owed to another person or entity. If the property owner does not meet their legal obligations, the lienor (the person or entity that has the lien) can seize the property. ## In this case, the statement is true. A lien is indeed a legal claim on a borrower's property by a creditor who is owed money.