asked 85.8k views
4 votes
Jennifer and Mark's home has had a lien placed on it by the state for failure to pay state income tax shortfalls. What kind of lien is it?

A) General Involuntary
B) Specific Voluntary
C) General Voluntary
D) Specific Involuntary

1 Answer

3 votes

Answer:

The correct option is: A) General Involuntary

Step-by-step explanation:

Lien refers to a security interest which is granted on a property. It can be defined as a right to retain the property until the amount of the debt is payed.

There are two types of liens: voluntary, also called consensual and involuntary, also called non-consensual

Tax liens are an example on non-consensual or involuntary liens that are imposed by the law to secure the payment of taxes.

Involuntary general tax liens are the liens imposed by law due to the failure to pay income taxes.

answered
User Sahil Mahajan Mj
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