Gordon has defaulted in the payment of several of his debts, and the court has ordered his property sold to satisfy them. A title search revealed several outstanding liens against the property. Which of the following liens has highest priority?
A) An outstanding first mortgage lien dated and recorded one year ago
B) A real estate tax lien for the current year
C) A judgment lien rendered and recorded last month
D) A mechanic's lien for work started two months before the mortgage was recorded
Answer: B) A real estate tax lien for the current year
Business
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Identify three common occurrences that contribute to distortions of information about what is really occurring in the supply chain
What will be an ideal response?
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A toy manufacturer is sued based on the claim of injuries caused by a product it makes. This is an example of a ________
A) product liability lawsuit B) promissory estoppel lawsuit C) restrictive covenant lawsuit D) contingent liability lawsuit
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