How is a judgment lien created? How does a judgment lien restrict real property ownership?
What will be an ideal response?
A judgment lien is a final decision from a court which assesses liability against a party in a lawsuit. Once entered in the records of the clerk's office it becomes a lien against real estate owned by the judgment debtor. A judgment lien creates a limitation on the ability of the owner of the property to sell it or to borrow money using the property as collateral until the judgment is paid in full.
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Explain the concept of equitable right of redemption.
What will be an ideal response?
If an item is entirely functional and has no ornamental or decorative aspect, it cannot be the subject of a design patent.
Answer the following statement true (T) or false (F)
A nuisance and a trespass are similar except that a trespass requires that interference with the land must be substantial.
Answer the following statement true (T) or false (F)
The settlement summary .
A. is lengthy B. contains all information outlining the benefit ofsettling the case at an early stage in the litigation C. is a review of the final settlement terms D. is preparedby the judge