Which of the Following Was the Result on Appeal in the Case

question 64

Multiple Choice

Which of the following was the result on appeal in the case nugget Bates County Redi-Mix Inc.v.Windler,in which a supplier of concrete sought a mechanic's lien for the cost of concrete although the concrete had to be removed and replaced based upon improper installation by a subcontractor unconnected with the plaintiff?

• A) The concrete supplier lost because the concrete had to be replaced.
• B) The concrete supplier was granted a mechanic's lien largely because it was not responsible for the improper installation.
• C) The concrete supplier was granted a mechanic's lien for only 50% of the cost of the concrete.
• D) The concrete supplier was granted a mechanic's lien for only 75% of the cost of the concrete.
• E) The concrete supplier was granted a mechanic's lien for only 25% of the cost of the concrete.

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Definitions:

Total Revenues

The overall amount of money generated by a business from its sales or services before any costs or expenses are deducted.

Normal Rate

The standard or average rate at which something occurs, such as interest rates, inflation, or unemployment rates.

Accounting Profit

The net income of a business as calculated by subtracting total expenses from total revenues, according to standard accounting principles.

Economic Profit

The difference between the total revenue generated by a business and the total opportunity costs of all resources used.