Rancho West owes Silo & Barn Inc. $5,000 on their contract for building a barn, but refuses to pay. To collect, Silo files a mechanic's lien, under which security for the debt is represented by
A) Rancho's personal property.
B) Rancho's real estate.
C) the $5,000 owed on the contract.
D) property held by a third party.
Correct Answer:
Verified
Q39: Federal law provides a framework to protect
Q40: Equity Bank lends funds to Fabrication Company
Q41: Kris borrows from Lender Inc. and Mortgage
Q42: Building Company adds a warehouse to the
Q43: Business Sales Inc.'s debt to Cartage Company
Q45: Lenders Bank files a financing statement regarding
Q46: The payment of Cathy's debt to Debt
Q47: Debt Financing Inc. and Equity Lending Company
Q48: Kelly's Autos Inc. borrows funds from Lenders
Q49: Bayside Marina borrows funds from Credit Union
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents