Bảo hiểm & Quyền cầm giữCâu 1555 / 1605
The construction lender must be served with a preliminary notice by a claimant lacking an owner contract primarily so the claimant can later:
a.Assert a bonded stop payment notice against undisbursed construction loan funds held by the lender
b.Foreclose on the lender's office
c.Become an additional insured
d.Collect workers' compensation from the lender
Giải thích
Serving the construction lender preserves the claimant's ability to serve a bonded stop payment notice reaching undisbursed loan funds. Without notifying the lender, that fund-based remedy against loan proceeds is jeopardized.
Trích dẫn luật: Civ. Code §8410Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contractor's 'umbrella' or 'excess' liability policy is designed to:
- Which of the following must a valid recorded mechanics lien include?
- A subcontractor who is added as additional insured on NO ONE's policy and carries its own CGL is protected for third-party claims:
- On a public works project, subcontractors generally CANNOT record a mechanics lien against the public property. Their principal payment security instead is the:
- After an owner records a lien release bond of 125%, an unpaid subcontractor who wants to be paid must now pursue:
- 'Employers' liability' coverage, usually part of a workers' compensation policy, protects the employer against:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)