luhkapaloy
Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Acme Builders was unable to pay National Contractors for work completed
on a housing project. What remedy would National Contractors most likely
seek?
A.mechanic's lien
B. A bankruptcy
C. A mortgage foreclosure
D. A garnishment

Sagot :

ogorwyne

The mechanics liens is going to be the most likely remedy that the contractors would seek for.

What is the mechanic's lien?

This is a legal statement that is made against a property. The lien is usually used by the subcontractors due to the fact that they have worked on a property and have not received payment for the job.

It is a way of seeking payment for the job they have done in this housing project.

Read more on mechanic lien here https://brainly.com/question/26368971

francocanacari

The remedy that the National Contractors would most likely seek would be a mechanic's lien, so the correct answer is A.

Lien

The lien is the right of a creditor not to hand over a movable property in his possession to the debtor until his performance or effort has been paid. An example is the garage that does not have to hand in the car if the repair is not paid.

It is an elaboration of the general right of suspension. The right of retention occurs in most legal systems, but the exact interpretation can differ considerably.

Learn more about mechanic's lien in https://brainly.com/question/20046367

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.