A court order to sell property after the final judgment in a lawsuit has been rendered is known as what?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

A court order to sell property after the final judgment in a lawsuit has been rendered is indeed known as a writ of execution. This legal term refers to the document issued by the court, which allows the sheriff or another designated officer to carry out the court's decision, which often includes the seizure and sale of property to satisfy a judgment.

The writ of execution is a critical component of the enforcement process in civil litigation, as it enables the victorious party in a lawsuit to collect what is owed to them following a court's ruling. Upon receiving the writ, the officer is empowered to take possession of the property and oversee its sale, typically at a public auction, to generate funds to settle the judgment.

The other options listed do not relate to the sale of property post-judgment in the same way. A temporary injunction, for instance, is a court order that temporarily prohibits a party from taking a particular action until a final decision is made. A perpetual lease refers to a long-term lease arrangement, and a receivership order is a court appointing a receiver to manage the property or assets of a party, usually in the context of bankruptcy or financial distress.

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