Which of the Following Is the Consequence of an Unpaid

question 74

Multiple Choice

Which of the following is the consequence of an unpaid subcontractor failing to file his lien on time? The owner had contracted with the general contractor who in turn had contracted with this subcontractor.

• A) He can submit documents giving his reason and he will be allowed to file the lien late.
• B) He will lose all of his remedies.
• C) He will lose his right to place a charge against the owner's property, but he can sue the owner directly for the amount owed him, because his work and materials went into the owner's house.
• D) He would lose his right to place a charge against the owner's property, but he can sue the contractor on the contract.
• E) He loses his right to claim against the building but can sue the owner of the property directly.

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Definitions:

Marginal Utility

The additional satisfaction or benefit received by a consumer from consuming one more unit of a good or service.

Consumer Equilibrium

A state in microeconomics where a consumer achieves the highest satisfaction possible, given their income constraints and prices of goods and services.