LAW-2150 Lecture Notes - Lecture 12: Means Test, Life Insurance, Lenders Mortgage Insurance
Document Summary
When "omeone canno (o will no ) pay a valid deb , he law p ovide" emedie" fo c edi o " o ecove money o i em" owed o hem. Law gives you recourse, a right to recover that money or item. Lien". (p ing a lien on "omeone(cid:342)" p ope y: an enc mb ance (claim pon) on p ope y o "a i"fy a deb o p o ec a claim fo he paymen of deb , th ee diffe en ype" of lien". Lien": mechanic(cid:342)" lien", sec i y fo labo , ma e ial", o "e vice on eal e" a e (which "ec e" he deb ), i. e. If yo wo k on a pe "on(cid:342)" p ope y and hey don(cid:342) pay yo , a mechanic(cid:342)" lien le (cid:342)" yo "ell ha eal e" a e o cove he deb . If hey don(cid:342) pay fo yo wo k fo .
