Bảo hiểm & Quyền cầm giữCâu 1495 / 1632
An owner or contractor who wants to remove a recorded mechanics lien from title while still disputing the claim may record a:
a.Lien release bond, generally in 125 percent of the lien amount
b.Stop payment notice, directing the lender to withhold that amount
c.Notice of completion, which cuts the claimant's deadline to 30 days
d.Notice of non-responsibility, disclaiming the owner's interest in the work
Giải thích
Civil Code §8424 lets an owner, contractor, or anyone with an interest record a surety bond of 125 percent of the lien to free the title; the claimant's remedy then runs against the bond instead of the property. (b) points the wrong direction — a stop payment notice is a claimant's remedy that traps funds, not an owner's tool for clearing title. (c) is a real instrument with a real effect on deadlines under §8414, but it does nothing about a lien already recorded. (d) addresses work ordered by a tenant or other non-owner, and cannot remove a lien that has already attached.
Trích dẫn luật: Civil Code §8424Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- A 'notice of cessation' may be recorded by an owner when labor has ceased on the work of improvement for a continuous period of at least:
- The party who purchases a surety bond and whose performance is guaranteed is called the:
- On a bond, the party who is protected and can make a claim if the principal defaults is the:
- The 20 days for serving a preliminary notice run from the date the claimant:
- Which of the following is the BEST reason a general contractor requires subcontractors to name it as an additional insured and provide certificates of insurance?
- A contractor illegally carries no workers' compensation insurance and an employee is injured. The employee may:
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