Which of the Following Was the Result in In Re

question 52

Multiple Choice

Which of the following was the result in In re Hydro-Action Inc.,the bankruptcy case in the text involving whether a claimant was entitled to a lien upon a conveyor belt system that it installed?

• A) The court found that a lien was foreclosed because the claimant did not qualify as a mechanic, artisan, or materialman.
• B) The court found that a lien was foreclosed because the transaction did not involve the manufacturing or repairing of an "article" or "building" as required under applicable law.
• C) The court found that a lien was foreclosed because the bankruptcy trustee had priority.
• D) The court found that a lien was available because the claimant qualified as a materialman engaged in manufacturing an article for the debtor thereby satisfying applicable law.
• E) The court found that a lien was available because under principles of equity, it would be unjust to deny the claimant a recovery.

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Definitions:

Sherman Act

A foundational antitrust law enacted in the United States in 1890 to prohibit monopolies and other practices that restrained trade.

Sherman Act

An antitrust law enacted in 1890 in the United States to prevent monopolistic business practices and foster competition in the marketplace.

Sherman Act

A foundational United States antitrust law aimed at maintaining competition by prohibiting monopolistic practices.

Restraint Of Trade

Actions or agreements that restrict competition or the free operation of the market, often illegal under antitrust laws.