Building Company Adds a Shipping Dock to the Property of Corporate

question 2

Multiple Choice

Building Company adds a shipping dock to the property of Corporate Complex, but the owner does not pay. Building files a lien on Corporate's property. The property

• A)can be held to guarantee payment of the debt.
• B)must be sold to provide payment of the debt.
• C)must be returned to the debtor within a certain period of time.
• D)none of the choices.

---

Definitions:

ADR

Alternative Dispute Resolution; a range of processes such as mediation and arbitration that resolve disputes outside of the court system.

Subcontractors

These are third-party businesses or individuals hired by a primary contractor to perform specific tasks as part of a larger project, operating under a separate contract.

Disputes

Conflicts or disagreements between parties that may involve legal action to resolve.

Early Neutral Evaluation (ENE)

A dispute resolution process where an unbiased third party assesses the strengths and weaknesses of each side's case early on.