chapter 10 Flashcards

1
Q

easement

A

the legal right someone has to use land that belongs to someone else

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2
Q

general lien

A

one placed against any and all real and personal property owned by a particular debtor

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3
Q

specific lien

A

attaches to a single item of real or personal property and does not affect other property owned by the debtor.

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4
Q

judgment liens

A

occur when someone loses a lawsuit and a judgment is placed against real property to pay for the judgment.

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5
Q

writ of execution

A

force the sale of attached property and collect the debt.

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6
Q

four ways a judgment lien can be terminated:

A

lien payment
lien expiration
bankruptcy
creditor discharge

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7
Q

attachment

A

the legal process of real or personal property being held by the courts to ensure a defendant in a lawsuit does not sell the property before a judgment has been issued.

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8
Q

notice of responsibility

A

a legal document used by property owners in the U.S. to protect themselves from liability for nonpayment for services done to improve that property.

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9
Q

How long is a California income tax lien valid?

A

10 years from the date it was filed

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10
Q

preliminary notice

A

the right to claim a lien within 20 days of providing labor, material, or services.

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