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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Ch 29 Creditors Rights assignment

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Q 1) Why don't automobile mechanics take out mechanic's liens? 2) Differentiate mechanic's liens from artisan's liens? 3) What creditors options are available if a defaulting debtor has no property? 4) Differentiate between sureties and guarantors of debt 5) Which defenses of the principal are not available to a surety/guarantor? 6) Explain the 3 rights of the surety/gurantor.

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Automobile mechanics do not take out mechanic’s liens because there are never any legal agreements carried by any mechanic, especially during repair of a vehicle (Clarkson, Miller & Cross, 2016). Moreover, the application of a mechanic’s lien is on property which is real. However, the classification of property in case of automobiles cannot be matched with the classification of real property.