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Which of the following assets is least likely to be subjected to lien?
Freehold land
Plant and machinery
Leasehold property
Motor vehicles
- Freehold Land: Generally can be subjected to a lien. Owners have full control and often use it as collateral.
- Plant and Machinery: These are tangible assets and commonly used as security for loans, thus subject to liens.
- Leasehold Property: This type of property cannot be easily subjected to a lien. The tenant does not fully own the asset, just the right to use it.
- Motor Vehicles: Typically used as collateral for loans and hence often have liens placed on them.
Answer: Option:3, Leasehold property is least likely to be subjected to a lien.
By: Parvesh Mehta ProfileResourcesReport error
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