Question 1

Which of the following is true regarding types of liens?

Accepted Answer

A)   Types of liens include consensual, statutory, and judgment, but not approved or evaluated.
B)   Types of liens include consensual and statutory, but not judgment, approved, or evaluated.
C)   Types of liens include consensual and judgment, but not statutory, approved, or evaluated.
D)   Types of liens include judgment, statutory, approved, and evaluated but not consensual.
E)   Types of liens include consensual, statutory, judgment, approved, and evaluated.F) A) and D)
G) A) and C)

Question 2

A mechanic's lien is created by ____.

Accepted Answer

A)   Acknowledgement
B)   Consent
C)   Foreclosure
D)   Mortgage
E)   StatuteF) C) and D)
G) A) and D)

Question 3

Which of the following was the result on appeal in the case nugget Bates County Redi-Mix Inc.v.Windler,in which a supplier of concrete sought a mechanic's lien for the cost of concrete although the concrete had to be removed and replaced based upon improper installation by a subcontractor unconnected with the plaintiff?

Accepted Answer

A)   The concrete supplier lost because the concrete had to be replaced.
B)   The concrete supplier was granted a mechanic's lien largely because it was not responsible for the improper installation.
C)   The concrete supplier was granted a mechanic's lien for only 50% of the cost of the concrete.
D)   The concrete supplier was granted a mechanic's lien for only 75% of the cost of the concrete.
E)   The concrete supplier was granted a mechanic's lien for only 25% of the cost of the concrete.F) B) and E)
G) D) and E)

Question 4

Which of the following is a court-ordered judgment permitting a local court officer,such as a sheriff,to seize a debtor's property before the entry of a final judgment in an underlying case?

Accepted Answer

A)   Garnishment
B)   Attachment
C)   Contempt
D)   Fixture
E)   Law enforcement lienF) None of the above
G) A) and B)

Question 5

Which of the following is a claim to property by implication of law rather than statute?

Accepted Answer

A)   Broker's lien
B)   Common law lien
C)   Consummate lien
D)   Possessory lien
E)   Vendor's lienF) B) and E)
G) A) and D)

Exam 31: Other Creditors Remedies and Suretyship

Which of the following is true regarding types of liens?

Correct Answer
verified

A mechanic's lien is created by ____.

Correct Answer
verified

Which of the following is a court-ordered judgment permitting a local court officer,such as a sheriff,to seize a debtor's property before the entry of a final judgment in an underlying case?

Correct Answer
verified

Which of the following is a claim to property by implication of law rather than statute?

Correct Answer
verified

Correct Answer
verified

Exam 31: Other Creditors Remedies and Suretyship

Which of the following is true regarding types of liens?

Correct AnswerverifiedShow Answer

A mechanic's lien is created by ____.

Correct AnswerverifiedShow Answer

Which of the following is a court-ordered judgment permitting a local court officer,such as a sheriff,to seize a debtor's property before the entry of a final judgment in an underlying case?

Correct AnswerverifiedShow Answer

Which of the following is a claim to property by implication of law rather than statute?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified