The term ________ refers to a written document signed by a contractor, subcontractor, laborer, or material person, waiving his or her statutory lien against real property.
A)garnishment
B)accommodation
C)lien release
D)notice of lien

Question

Quizplus · Accepted Answer

A lien release refers to a written document that waives the right of a contractor, subcontractor, laborer or material person to assert a statutory lien against real property. A garnishment refers to a legal process where a creditor collects a debt owed by a debtor by collecting money directly from the debtor's wages or bank account. An accommodation refers to an arrangement where a person provides assistance or lodging to another. A notice of lien refers to a written notice filed by a creditor to claim an interest in real property as security for a debt owed by the property owner.

The Term ________ Refers to a Written Document Signed by a Contractor