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MKT 4445

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Department
Marketing
Course
MKT 100
Professor
Jennifer Fraser
Semester
Winter

Description
Chapter 16 – Purchaser’s and Vendors Lien Slide 22 Pg. 399 Only applies to Real Property - Lien is a form of security interest in the same way a mortgage is - In both cases, the vendor and purchaser can get the lien Purchaser lien - Purchaser has lien when he pays a deposit on the purchase of land and the vendor has obliged to go through with the deal but refuses to repay the deposit. Therefore he has a lien on the land if the vendor does not want to sell the land. - Lien guarantees the return of the deposit Vendors Lien -
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