True or False: A lien on personal property is enforceable and prevents the property from being transferred until the lien is settled.

A lien on personal property is a legal claim against that property, typically arising from debts owed by the property owner. The primary purpose of a lien is to provide security to the lender or creditor, ensuring they have a form of recourse if the debt is not satisfied.

When a lien is in place, it generally does impose certain restrictions on the ability to transfer the property. It indicates that the property is encumbered and cannot be freely sold or transferred until the debt associated with the lien is resolved. This is why the assertion that a lien is enforceable and prevents the property from being transferred until it is settled is typically accurate in legal contexts.

The notion that a lien does not necessarily prevent transfer in all situations remains dependent on various factors, including state laws and the specifics of the lien itself. Therefore, stating that the statement is false does not align with how liens usually function in practice. While there may be nuances, the fundamental principle is that a lien holds significant power over the property involved, inhibiting its transfer until the lien is satisfied.