Asked by
Shuba Letchumy
on Nov 28, 2024Verified
Most liens have little practical use, because liens generally do not take priority over other claims to the same property.
Liens
Legal claims or holds on property as security for the payment of a debt or performance of some obligation.
Priority
The status of being more important or urgent than something else, often determining the order in which tasks or responsibilities are addressed.
- Understand the prioritization and utility of liens in debt repayment.
Verified Answer
KF
Learning Objectives
- Understand the prioritization and utility of liens in debt repayment.