In Summers Group V

question 46

Multiple Choice

In Summers Group v. Tempe Mechanical, Summers (Rexel) sold electrical materials used in a construction project that went into bankruptcy. Litigation developed over where various claimants stood to collect. The appeals court held that:

• A) Summers had to pay all attorney fees related to the litigation as it filed its lien last
• B) Summers was the only lien holder to file properly, so stood first in line to collect
• C) Summers would be treated equally with all other lien holders
• D) Summers was the last lien holder to file, so stood last in line of the lien holders, but stood in line to collect before unsecured creditors
• E) None of the other answers are correct

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An intense, often uncontrollable desire for a specific stimulus, such as a drug, food, or activity.