McBryde Owned a Commercial Property That Required Considerable Renovation

question 26

Essay

McBryde owned a commercial property that required considerable renovation.On September 7,she engaged Anderson Construction to perform the general contracting and project management.Anderston quoted a price of $180,000 for all the work.Anderson subcontracted work to a number of suppliers in the carpentry,plumbing,and electrical trades.On November 14,Anderson presented a bill for $60,000 for work done to that point.Had the truth been known,Anderson was an incompetent manager,and had the following accounts outstanding relating to the project: Albert Electric,$9,000;Rainbow Interiors,$12,000;Carson's Carpentry,$22,000;Hot-Heat Furnace and Duct,$7,700;and Hytown Construction Supply,$21,500.
In the first week of December,Anderson moved to another province,leaving behind his business debts.On December 12,each supplier registered valid liens,in the amount owed to him,against McBryde's property.What should McBryde have done on November 14? What should she do on December 13? If she does the "right thing" throughout,what will be the disposition of this matter? What are the alternative endings if she does not do the "right thing" throughout?

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Definitions:

Dacron

A synthetic polyester fiber made from polyethylene terephthalate, known for its durability, resistance to stretching and shrinking, and chemical inertness.

Polyester

A category of polymers made through a condensation reaction between a dicarboxylic acid and a diol, often used in fabrics and plastics.

Stereochemistry

The study of the spatial arrangement of atoms in molecules and the effect of this arrangement on the physical and chemical properties of those molecules.

Regiotactic

Describing the orderly regulation of substituent groups in polymer chains or molecules according to their position.