Which One of the Following Is True with Respect to the Builder's

question 71

Multiple Choice

Which one of the following is true with respect to the builder's lien acts?

• A) Various provincial statutes give suppliers of work and materials a claim for payment against the land enhanced by their services.
• B) If a lien claimant files his lien within the time set, he can be assured that he will collect the full amount of his claim.
• C) Compliance with the statutory holdback provisions is required, but gives an owner no protection against potential lien claims.
• D) If a lien claimant loses the right to file a lien, he also loses the right to sue for breach of contract.
• E) A lien claimant owed money by a general contractor can choose to pursue either the general contractor or the property owner for the full amount of the claim.

---

Definitions:

Units Produced

The total number of finished units that have been manufactured during a specific time period.

Fixed Cost Per Unit

The cost that remains constant in total but varies inversely with the level of production or sales volume.

Relevant Range

The range of activity or volume over which the assumptions about variable and fixed cost behaviors hold true, beyond which cost patterns may change.

Cost Behavior

The way in which a cost reacts to changes in the level of activity.