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A/an _____________________________________ lien is created t…

A/an _____________________________________ lien is created to secure payment of money borrowed to purchase property or it is money borrowed against the property. (Chapter 6) 

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Relating back to the question above, what is the actual orde…

Relating back to the question above, what is the actual order of priority? (i.e., who will get paid first)? (Chapter 6) 

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____________________________________________ is the section…

____________________________________________ is the section of the Uniform Commercial Code (UCC) that governs security interests in personal property and fixtures. (Chapter 5) 

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Only (a) persons supplying labor and (b) persons supplying m…

Only (a) persons supplying labor and (b) persons supplying materials can obtain a materialman’s lien on a piece of property. Contractors and subcontractors are not allowed to obtain this particular type of lien. (Chapter 6)

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When a federal or state legislature passes a new property la…

When a federal or state legislature passes a new property law, a governmental agency must exist to carry out or execute that new property law.  What is the name of that governmental agency? (Chapter 1)

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Still relating back to the scenario listed in the questions…

Still relating back to the scenario listed in the questions above, where would the creditors file their financing statements? (Chapter 5) 

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Alicia owns a solar powered home.  Alicia’s neighbor, Bonnie…

Alicia owns a solar powered home.  Alicia’s neighbor, Bonnie, lives next door and is constructing a new home.  Bonnie has agreed not to build her new home more than 2 stories high close to the boundary line Alicia and Bonnie share with each other, so that Bonnie’s home will not prevent the obstruction of sunlight to Alicia’s solar powered home.  Is this an affirmative or negative easement? (Chapter 4) 

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A judicial lien is a voluntary lien. (Chapter 6) 

A judicial lien is a voluntary lien. (Chapter 6) 

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___________________________________________ is the process o…

___________________________________________ is the process of creating notice of a security agreement’s existence. This process is used by creditors when property owners have defaulted on their payments.  (Chapter 5)

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Ordinances consists of rules and regulations created by land…

Ordinances consists of rules and regulations created by landowners.  A common example of an ordinance would be a landowner creating and posting regulations about the use of common facilities by tenants. (Chapter 1) 

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