Which of the Following Is the Consequence of an Unpaid

question 132

Multiple Choice

Which of the following is the consequence of an unpaid subcontractor failing to file his lien on time? The owner had contracted with the general contractor who in turn had contracted with this subcontractor.

• A) He would lose his right to place a charge against the owner's property, but he can sue the contractor on the contract.
• B) He can submit documents giving his reason and he will be allowed to file the lien late.
• C) He loses his right to claim against the building but can sue the owner of the property directly.
• D) He will lose all of his remedies.
• E) He will lose his right to place a charge against the owner's property, but he can sue the owner directly for the amount owed him, because his work and materials went into the owner's house.

Calculate and interpret trade balances, net exports, and their impact on GDP.

Analyze the effects of trade agreements on trade balances with specific countries.

Understand the impact of currency valuation on international trade.

Identify the components of GDP and their relationship with trade.

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Definitions:

Interest Rate

The cost of borrowing money or the compensation for the service and risk of lending money, usually expressed as a percentage.

Plaster

A mixture of water, lime, or cement, and sand, used to coat walls and ceilings for a smooth or decorative finish.

Labor

Human effort used in the production of goods and services in the economy.

Positive Supply

A situation where the quantity of a good or service available increases as its price increases, indicating a direct relationship between price and quantity supplied.