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A mechanic's affects the property where labor or materials were supplied for the improvement of that property. They are governed by state law and if the lien is not paid off with a certain short time period the lien must be 'perfected' by some court action to foreclose on the lien.
In some states the lien can be perfected in court and a judgment lien will be issued that once recorded in the land records can affect other property owned by the debtor. However, prompt follow up of the original mechanic's lien according to state requirements is required for the creditor to maintain their right to relief.
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How were slaves regarded by their owners and in the south in general?
as their property
Does the building owner s property insurance ever cover the tenant's personal property?
Landlords contents and communal contents may be insured, but it is very unlikely that the tenants personal items would be included on a general buildings policy.
In general could vote in elections for colonial legislatures?
only property-owners
Are chattels personal property?
Yes, chattels are considered personal property. They refer to movable items that are not fixed to land, such as furniture, vehicles, and personal belongings. Unlike real property, which includes land and buildings, chattels can be easily transported and transferred between owners.
What does the word 'limited' imply for the owners of a business?
Limited means that the owners of a business have limited liability. If they are sued, they won't have to surrender all of their personal property.
Will home owners Insurance cover tools in a vehicle that was stolen?
Yes under personal property/contents
How was ownership of slavery transferred?
Slaves were sold as personal property by living owners or left to their heirs in a will after their death. If there was no will the slaves would pass to the heirs at law according to the laws of intestacy of that time period.Slaves were sold as personal property by living owners or left to their heirs in a will after their death. If there was no will the slaves would pass to the heirs at law according to the laws of intestacy of that time period.Slaves were sold as personal property by living owners or left to their heirs in a will after their death. If there was no will the slaves would pass to the heirs at law according to the laws of intestacy of that time period.Slaves were sold as personal property by living owners or left to their heirs in a will after their death. If there was no will the slaves would pass to the heirs at law according to the laws of intestacy of that time period.
Personal property is covered under what peril?
The listed perils (barring exclusions) in your home owners or renters policy.
Dirt bike covered under home owners insurance?
Is a dirt bike covered under homeowner personal property?
If a mother and daughter own property as joint tenants what happens to the personal property when one of the joint tenants dies?
A decedent's personal property passes according to the terms of their will or according to the state laws of intestacy. However, if the property consists of household items, such as furniture, linens or dishes, that were shared you should consult with an attorney if that type of property may become an issue. The joint owners may want to make wills that cover jointly owned personal property to make certain it passes to the survivor.A decedent's personal property passes according to the terms of their will or according to the state laws of intestacy. However, if the property consists of household items, such as furniture, linens or dishes, that were shared you should consult with an attorney if that type of property may become an issue. The joint owners may want to make wills that cover jointly owned personal property to make certain it passes to the survivor.A decedent's personal property passes according to the terms of their will or according to the state laws of intestacy. However, if the property consists of household items, such as furniture, linens or dishes, that were shared you should consult with an attorney if that type of property may become an issue. The joint owners may want to make wills that cover jointly owned personal property to make certain it passes to the survivor.A decedent's personal property passes according to the terms of their will or according to the state laws of intestacy. However, if the property consists of household items, such as furniture, linens or dishes, that were shared you should consult with an attorney if that type of property may become an issue. The joint owners may want to make wills that cover jointly owned personal property to make certain it passes to the survivor.
What does unlimited liability means?
Unlimited liability refers to a financial condition where the owners of a business are personally responsible for all debts and obligations of the company. This means that if the business fails or incurs debts, creditors can pursue the owners' personal assets, such as savings or property, to settle those debts. This is commonly associated with sole proprietorships and general partnerships, where there is no legal distinction between the business and its owners. It contrasts with limited liability, where owners' financial responsibility is capped at their investment in the business.
What are the characteristics for private property?
Private property is characterized by exclusive ownership, where individuals or entities have the right to control, use, and transfer their property. It is protected by law, allowing owners to defend their rights against unauthorized use or infringement. Additionally, private property typically involves the ability to derive economic benefits from the property, such as rental income or appreciation in value. Lastly, it is often associated with personal responsibility, where owners are accountable for the maintenance and management of their property.
