Property Ownership
In Alaska, which of the following describes a 'statutory lien' as opposed to a 'consensual lien'?
AA statutory lien is created by the parties' agreement; a consensual lien arises by law
BA statutory lien arises by operation of law without the owner's consent; a consensual lien is agreed to by the owner✓ Correct
CA statutory lien only applies to commercial properties
DStatutory liens require judicial foreclosure; consensual liens do not
Explanation
A statutory lien arises by operation of law — the property owner does not agree to it. Examples include property tax liens, mechanics' liens, and judgment liens. A consensual lien is one the property owner voluntarily agrees to, such as a mortgage.
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