After a House Is Purchased,contractors Cannot Ask the New Owner

question 12

True/False

After a house is purchased,contractors cannot ask the new owner of the house to pay any bills that were outstanding before the house was sold.

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Definitions:

Profit Incentives

Motivations for individuals or companies to undertake activities that increase their profits.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by a free market and open competition.

Unlimited Mileage

A rental or leasing term indicating that there is no limit to the number of miles that can be driven during the rental period, without incurring extra charges.

Auto Rentals

A service industry that provides automobiles for temporary use to customers, typically charged by the hour or day.