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A bankers lien is an example fora.specific lienb.mortgagec.general liend.hypothecation

Question

A bankers lien is an example for:

  • a. specific lien
  • b. mortgage
  • c. general lien
  • d. hypothecation
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Solution

Breakdown of the Problem

  1. Identify the types of liens mentioned: specific lien, mortgage, general lien, and hypothecation.
  2. Determine which type of lien a banker's lien falls into.

Relevant Concepts

  1. Specific Lien: A lien attached to a particular property or asset.
  2. Mortgage: A type of loan specifically for real estate, where the property serves as collateral.
  3. General Lien: A lien that applies to all of a debtor's assets, giving the creditor a claim against all.
  4. Hypothecation: The act of pledging collateral for a loan without transferring ownership of it.

Analysis and Detail

  1. A banker's lien allows a bank or lender to retain possession of a borrower's property as security for a debt. This type of lien is specifically regarding items that are in the bank’s possession, often a specific asset owned by the borrower.

Verify and Summarize

  • Since a banker's lien is attached to specific assets that a bank holds, it fits the definition of a specific lien rather than a general lien or mortgage.

Final Answer

A banker's lien is an example of a specific lien (option a).

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