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.
A vendorâs lien may refer to a claim that is held by a seller on real estate, which will allow the seller to repossess the property. An automobile mechanic may take out a vendorâs lien on a vehicle if a customer fails to pay repair bills. Dry cleaning and laundry service companies may be secured by a vendor's lien.