Bảo hiểm & Quyền cầm giữCâu 1520 / 1605
A subcontractor serves a stop payment notice on the private owner (not bonded). The owner is then obligated to:
a.Record the notice with the recorder
b.Immediately pay the subcontractor in full
c.Withhold sufficient undisbursed funds from the direct contractor to cover the claim plus a reasonable allowance for litigation costs
d.Ignore the notice unless it is bonded
Giải thích
Civil Code §8534 provides that a stop payment notice to the owner obligates the owner to withhold from the direct contractor money sufficient to answer the claim plus a reasonable allowance for costs. A bond is required to bind a lender, but not to bind the owner.
Trích dẫn luật: Civ. Code §8534Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A mechanics lien attaches to:
- When an owner is added as an 'additional insured' on the general contractor's liability policy, which document actually grants that status?
- Willfully failing to secure required workers' compensation insurance in California is:
- Which is the BEST description of the relationship between a payment bond and subcontractors' lien rights on a private project?
- The typical penal sum of a mechanics lien release bond required to clear a lien from title is:
- Under the mechanics lien law, a 'direct contractor' is best defined as a contractor who:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)