Assume the following sequence of events:
Construction began on December 16, 2019. The total amount left after the contractor declared bankruptcy for distribution to these lien holders is $9,000.
Art's Artful Framing - filed lien for $6,000 on January 1, 2020
Paul's Perfect Plumbing - filed lien for $3,000 on January 15, 2020
Ralph's Resourceful Roofing - filed lien for $4,000 on January 27, 2020
a. Distribute the following funds according to the common law rule on priorities.
b. If the construction is in a line-filed state, how would the funds be distributed?

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The Answer of Assume the following sequence of events:
Construction began on December 16, 2019. The total amount left after the contractor declared bankruptcy for distribution to these lien holders is $9,000.
Art's Artful Framing - filed lien for $6,000 on January 1, 2020
Paul's Perfect Plumbing - filed lien for $3,000 on January 15, 2020
Ralph's Resourceful Roofing - filed lien for $4,000 on January 27, 2020
a. Distribute the following funds according to the common law rule on priorities.
b. If the construction is in a line-filed state, how would the funds be distributed?

Assume the Following Sequence of Events