Portia owes Bon $500 on their contract,but refuses to pay.To collect,Bon files a me-chanic's lien,under which security for the debt is repre-sented by

Question

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A mechanic's lien is typically placed on a property when there is an outstanding debt for services provided or materials supplied by a contractor or subcontractor. In this case, Bon can file a mechanic's lien on Portia's real estate because she owes him money under their contract. This gives Bon security for the debt because if Portia sells the property, the debt must be paid from the proceeds. Personal property (A) may not have enough value to cover the debt, and the contract (D) is not a tangible asset. The $500 owed (C) is already the subject of the lien.

Portia Owes Bon $500 on Their Contract,but Refuses to Pay