Frank Performs a Contract with Gene to Add a Garage

question 67

Multiple Choice

Frank performs a contract with Gene to add a garage to Gene's property, but Gene does not pay. Frank can file a lien on Gene's property if, from the last date labor or materials were provided, he acts​

• A) ​immediately.
• B) ​within 60 to 120 days.
• C) ​within two years.
• D) ​within a reasonable time.

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Definitions:

Cramer's Rule

A theorem in algebra that provides an explicit solution to a system of linear equations with as many equations as unknowns, using determinants.

System of Linear Equations

A set of one or more linear equations that share the same variables.

Interest Rate

A percentage representing the cost of borrowing money or the return on investment for savings.

Annual Payment

A payment made once every year, often related to loans, annuities, or other financial products.