Which of the Following Is NOT a Requirement If a Contractor

question 58

Multiple Choice

Which of the following is NOT a requirement if a contractor decides to foreclose on a lien?

• A)Consent of the homeowner to the original lien.
• B)A timely foreclosure sale within state deadlines.
• C)Notice of foreclosure to the homeowner.
• D)Advertisement of the foreclosure sale.
• E)Filing of a foreclosure action within a designated period of time after filing the lien.

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Definitions:

Cash Sales

Transactions where payment is made in full using cash or electronic funds at the time of purchase.

Retailer

A business or person that sells goods directly to consumers for their own use.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, recognized as an asset.

Cash Sales

Transactions where customers pay for goods or services at the time of purchase using cash.