Bảo hiểm & Quyền cầm giữCâu 1569 / 1632
Which of the following is generally the LAST resort remedy because it requires foreclosing on real property?
a.Certificate of insurance
b.Mechanics lien
c.Stop payment notice
d.Payment bond claim
Giải thích
A mechanics lien ultimately requires a foreclosure action against the owner's real property to collect, making it more cumbersome than a stop payment notice (reaching funds) or a payment bond claim (reaching a surety). Claimants often pursue funds or bonds first.
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Câu hỏi liên quan cùng chủ đề
- A stop payment notice, unlike a mechanics lien, does NOT need to be:
- A contractor pays day laborers in cash, calls them independent contractors, and carries no workers' compensation. A laborer is injured. The contractor most likely:
- A supplier first delivered materials on Day 1 but served its preliminary notice on Day 40. For which materials may it claim?
- 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?
- A claim on a private-project payment bond generally requires the claimant to have:
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