What is an example of a vendor’s lien?

A vendor's lien is a legal claim that a seller has against the property sold until they receive payment for the price of that property. This type of lien allows the vendor (or seller) to retain an interest in the property to secure payment from the buyer. It typically arises when the seller has not been fully paid for the property, granting them the right to reclaim the property under certain circumstances if the debt remains unpaid.

In this context, a vendor’s claim for unpaid land price directly exemplifies this concept. The seller (vendor) holds a lien against the property until the buyer satisfies the obligation to pay for it. This mechanism protects the seller's financial interest and reduces the risk associated with property sales.

The other options illustrate different types of claims but do not specifically relate to the concept of a vendor's lien. For instance, a bank claim for unpaid loans pertains to credit but does not involve property sale transactions in the way a vendor's lien does. A government seizure for taxes involves tax liens, which are different from vendor's liens as they are related to government claims against a property for unpaid taxes. Lastly, a third-party claim for damages refers to torts or liability issues that do not involve securing payment for property sold.