Equity

The flashcards below were created by user Avkitty on FreezingBlue Flashcards.

  1. How long do you have to enforce a judgment lien?
    20 years

    • Exceptions: 
    • 1. land--> 10 years
    • 2. Decedent --> 2 years
  2. Confession of Judgment
    Statutory device where a debtor may waive notice and hearing for failure to pay an obligation. 

    • Process to contest it:
    • D must petition court w/in 21 days of notice of judgment against him to set aside the judgment.
  3. Lis Pendens
    • "Before the suit"
    • Effect--> is to establish the priority of any judgment lien ultimately rendered in the underlying case. 

    The judgment will relate back to the time the lis pendens was filed.
Author
ID
258214
Card Set
Equity
Description
VA BAR Equity
Updated
Show Answers