A carpenter builds a room next to the garage of your house. In case you fail to pay him, he can start foreclosure proceedings. What is this an example of?

Question

Quizplus · Accepted Answer

A mechanic's lien is a legal claim on a property by a contractor, builder, or repair person who has performed work on that property and has not been paid. This lien provides security for the service provider to receive payment in case the owner fails to pay for the services provided. Therefore, if the carpenter builds a room next to your garage and you fail to pay him, he can place a mechanic's lien on your property and start foreclosure proceedings.

A Carpenter Builds a Room Next to the Garage of Your