What is a vendor's lien primarily associated with?

A vendor's lien is primarily associated with credit sales that involve the mortgage of immovable property. This type of lien is established when a seller provides financing to a buyer to purchase property and retains a legal claim to the property until the obligation to pay for it is met. It ensures that the seller has a security interest in the property, which can be enforced if the buyer fails to fulfill their payment obligations.

In the context of immovable property, a vendor's lien serves as a safeguard for the seller by allowing them to reclaim the property if the buyer defaults on the loan. This legal mechanism illustrates how property rights are intertwined with financial transactions, particularly in real estate deals.

Understanding the role of vendor's liens is vital for anyone involved in property transactions, as it impacts the rights of both the vendor and the purchaser in the event of a dispute.

The other options do not align with the primary association of a vendor's lien. Legal ownership disputes pertain more to issues of title and deed rather than financial arrangements. Lease agreements typically involve rental contracts and do not establish a lien, while property tax exemptions relate to tax liabilities rather than security interests in property. Thus, options A, C, and D don't accurately describe vendor's liens in the context of