Seguros y GravámenesPregunta 1572 de 1632
A claim on a private-project payment bond generally requires the claimant to have:
a.Posted a bond of 125 percent of the claim before making it
b.Given the preliminary notice lien rights require, unless excused
c.Recorded a mechanics lien against the property before claiming
d.Obtained a judgment against the direct contractor before claiming
Explicación
Under Civil Code §8600 et seq. the right to recover on a private-work payment bond tracks the notice conditions for a mechanics lien, so a claimant who had to give a preliminary notice must have given it — laborers and others excused from notice are excused here too. (a) imports the §8532 bond that accompanies a stop payment notice to a lender. (c) treats the remedies as sequential when they are alternative; a claimant may go against the bond without ever recording. (d) would make the bond useless, since its value is being payable without first litigating to judgment.
Referencia Legal: Civil Code §8600 et seq.Practica las 1632 preguntas gratis — sin registro.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- Which of the following is generally the LAST resort remedy because it requires foreclosing on real property?
- On a project where a notice of completion is recorded, missing the 30-day lien deadline (for a non-direct claimant) generally means:
- A general contractor's CGL policy typically will NOT respond to which claim?
- The most accurate reason insurance and surety bonds are BOTH used on construction projects is that they:
- A lien claimant who has been paid in full but refuses to release a recorded mechanics lien may be liable to the owner for:
- The $25,000 figure most commonly associated with California contractor licensing is:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)