An assignment of book debts

Multiple Choice

• Allows a creditor to take an interest in property purchased by a debtor
• Allows a creditor to take an interest in the accounts receivable of a purchaser
• Requires immediate notification of debtors to make payment to the creditor
• Does not require registration
• Always requires registration

Which of the following is correct about Liens?

Multiple Choice

• Are governed by strict legislative requirements
• Do not provide contractors and subcontractors with a right of lien to protect the labour and materials of workers and contractors
• Do not allow parties who have worked on a property to claim a lien against the property for unpaid wages and materials
• Must allow for a person to advertise goods for sale by public auction where the owner does not make payment for construction or repairs within a specified period of time
• Do not include, as a remedy in a civil action, equitable relief