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In: Operations Management

Which of the following best describes a lien?​ Select one: a. ​It is an encumbrance or...

Which of the following best describes a lien?​

Select one:

a. ​It is an encumbrance or claim against property.

b. ​It is the interest paid on a mortgage.

c. ​It is a consideration given to the mortgager.

d. ​It is the title deed of the property mortgaged.

Solutions

Expert Solution

c. ​It is a consideration given to the mortgagor.

It is a consideration provided to a mortgagor or borrower regarding the ownership right of the property and it's transfer as well.

keosha answered 2 years ago
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