Nadine has taught nursing for 12 years and has a PhD in Nursing research. In this lesson, you'll learn the definition and characteristics of a scientific theory and understand how theories are formulated. You'll see examples of scientific theories, and after the lesson you can test your knowledge with a brief quiz.
A vendorâs lien is a claim held by a seller on either personal property or real estate, allowing the seller to repossess the property under certain circumstances. It most commonly kicks in when a buyer has fallen behind on payments relating to the property.
The vendor's lien is for the benefit of the third party lender against the buyer of the home. A general warranty deed with vendor's lien is the standard deed type for selling a house where the buyer is using bank financing. The vendor's lien is for the benefit of the third party lender against the buyer of the home.