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A good lawyer knows the law; a great lawyer knows the judge.
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Legal Definitions - lienable
Definition of lienable
Lienable describes property or assets that can legally have a lien placed upon them. A lien is a legal claim or right against an asset, often used to secure a debt or obligation. If something is lienable, it means a creditor or service provider can legally assert a claim against that specific property if a debt is not paid, potentially leading to the property being sold to satisfy the debt.
Example 1: Home Renovation
Imagine a homeowner hires a general contractor to remodel their kitchen. After the work is completed, the homeowner disputes the final bill and refuses to pay. In this scenario, the contractor may be able to file a mechanic's lien against the homeowner's property.
This illustrates that the house is lienable because the law allows the contractor to place a legal claim on the property itself to secure payment for the labor and materials provided. If the debt remains unpaid, the lien could eventually force the sale of the home to recover the money owed.
Example 2: Auto Repair Shop
Consider a situation where someone takes their car to an auto repair shop for significant engine work. Once the repairs are finished, the car owner is unable to pay the substantial bill. The repair shop, in many jurisdictions, has the right to keep possession of the vehicle until the bill is paid, or they can place a lien on the car.
Here, the car is lienable because the repair shop has a legal right to assert a claim against the vehicle for the services rendered. This means the car serves as collateral for the debt, and the shop can legally hold it or pursue other actions to recover the repair costs.
Simple Definition
Lienable describes property that can legally have a lien placed against it. This means the property is capable of being subject to a claim by a creditor to secure payment of a debt or fulfillment of an obligation.