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I.M. Construction Ltd. decided to profit from the real estate boom and build a small retail and office building on land that it owns. Before the building is complete I.M. Construction Limited becomes insolvent. The property is subject to a mortgage that is not fully advanced and many Builder's liens. There have been inquiries from a number of parties who would be interested in renting space in the building. The real estate market is still booming. What practical advice do you have for the mortgage company and the lien holders?
Taxi Cabs
Licensed vehicles for hire that provide passenger transport services for a fare, traditionally hailed on the street or booked in advance.
Cab Fares
Charges levied for the service of transporting individuals in taxicabs, typically based on distance traveled and time taken.
Operating Cost
Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and salaries.
Subway Fares
The charges or fees paid by passengers for using the subway system for transportation.
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