Holtz Hires Joe,a Builder,to Convert His Attic into an Apartment,so

question 32

Multiple Choice

Holtz hires Joe,a builder,to convert his attic into an apartment,so that Holtz's mother can move in.Joe employs two carpenters,an electrician,and a plumber to do the actual work.When making payments to Joe,Holtz holds back the 10 percent required by statute.After waiting the legislated minimum period,Holtz discovers that several liens have been registered against his property.It turns out that Joe failed to pay the various subcontractors for their work.Which one of the following statements best describes Holtz's position?

• A) Holtz has no liability to any of those involved with the job except Joe, because he has a contract only with Joe.
• B) Holtz and Joe are equally liable to the lien claimants, because of recent amendments to the builders' lien legislation.
• C) Holtz bears the sole liability to the lien claimants for any debts arising out of their work on his property.
• D) Holtz's mother will be liable to both Holtz and the lien claimants, as she will be taking the benefit of the renovations.
• E) If Holtz has complied with the statutory requirements, his obligation will be limited to the amount of the holdback, even if the amount owed under the liens far greater.

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Definitions:

Physiological Needs

Basic bodily requirements for human survival, such as food, water, air, and shelter, according to Maslow's hierarchy.

Self-actualization

The achievement or actualization of one's abilities and potentials, particularly seen as a universal drive or necessity in all individuals.

Self-respect

The regard for one's own well-being and dignity, often considered a crucial component of healthy self-esteem.

Optimal Experience

Also known as "flow," a state in which an individual is fully immersed in an activity, experiencing a heightened sense of focus, involvement, and enjoyment.