Bảo hiểm & Quyền cầm giữCâu 1557 / 1605
After an owner records a lien release bond of 125%, an unpaid subcontractor who wants to be paid must now pursue:
a.The CSLB Recovery Fund
b.The surety on the release bond (and the principal), since the bond substitutes for the property
c.The construction lender's shareholders
d.The real property through foreclosure only
Giải thích
When a lien release bond is recorded under Civil Code §8424, the bond substitutes for the property as security. The claimant's foreclosure remedy shifts to an action on the bond against the surety (and principal) rather than the real property.
Trích dẫn luật: Civ. Code §8424Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A subcontractor who is added as additional insured on NO ONE's policy and carries its own CGL is protected for third-party claims:
- The construction lender must be served with a preliminary notice by a claimant lacking an owner contract primarily so the claimant can later:
- On a public works project, subcontractors generally CANNOT record a mechanics lien against the public property. Their principal payment security instead is the:
- 'Employers' liability' coverage, usually part of a workers' compensation policy, protects the employer against:
- A direct contractor completed a private remodel on March 1. No notice of completion was ever recorded and the owner never occupied. The contractor's last day to record a mechanics lien is approximately:
- Requiring a subcontractor to provide a certificate of insurance BEFORE it starts work is a best practice primarily because it:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)