[Defective Windows] Cecelia Hired a Contractor, Paul, to Put New

question 75

Multiple Choice

[Defective Windows] Cecelia hired a contractor, Paul, to put new windows in her home that she purchased herself from Good Windows. Unfortunately, Paul made a mess of the windows. While the windows were initially in good shape, Paul cracked some, scratched others, and did not get the windows properly fitted into their frames. Cecelia received a bill for the windows from Good Windows, but she refused to pay. Cecelia was told that Good Windows would file a lien, but she believed that there was no basis upon which a lien would be granted. Paul, who refused responsibility for any problems, also filed a lien after Cecelia refused to pay him.
-What type of lien would Paul likely seek?

• A) Artisan's
• B) Mechanic's
• C) Removal
• D) Construction
• E) Judicial

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Definitions:

Cash Offer

A proposal to buy assets, including securities or real estate, using cash as the form of payment without involving financing or loans.

Rights Offer

An offer to existing shareholders to buy additional shares in a company at a discount to the market price.

Seasoned New Issue

A seasoned new issue refers to securities offered for sale by a company after the initial public offering, meaning the company already has securities that have been trading in the secondary market.

New Issue

The term for securities that are offered to the public for the first time through an initial public offering (IPO) or a bond issuance.