The Owner of the House Had Contracted with a General

question 63

Multiple Choice

The owner of the house had contracted with a general contractor,Mr.Hadrian,for a greenhouse addition to the house at a cost of $20 000.In accordance with the legislation,the owner withheld 10 percent and waited the legislated period of time within which any liens are to be filed.Which of the following correctly describes the owner's liability?

• A) The owner is liable to any unpaid subcontractors, whether or not a lien was filed, but can use the holdback money to reduce his liability a certain extent.
• B) Whether or not there are liens registered, the owner is free to pay out the retained holdback once the legislated time period has expired.
• C) Unpaid subcontractors can no longer place liens on the owner's property, because of the doctrine of privity of contract.
• D) If the owner checks the registry and there are no liens registered, he is free to pay out the retained holdback.
• E) Lien holders would have no claim against the property but would be entitled to the 10 percent holdback, in addition to being able to sue the owner for the amount not satisfied by the holdback.

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Definitions:

Species

The basic unit of biological classification, defined as a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Molecular Clock

A technique used to estimate the time of evolutionary changes based on the mutation rates of biomolecules.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in growth, development, function, and reproduction of all known living organisms.

RNA

RNA, a vital nucleic acid found in every living cell, functions as a courier, delivering directions from DNA to regulate protein synthesis.