Question

Acme Builders was unable to pay National Contractors for work completed

Answer 1

The remedy that the National Contractors would most likely seek would be a mechanic's lien, so the correct answer is A.

Lien

The lien is the right of a creditor not to hand over a movable property in his possession to the debtor until his performance or effort has been paid. An example is the garage that does not have to hand in the car if the repair is not paid.

It is an elaboration of the general right of suspension. The right of retention occurs in most legal systems, but the exact interpretation can differ considerably.

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Answer 2

The mechanics liens is going to be the most likely remedy that the contractors would seek for.

What is the mechanic's lien?

This is a legal statement that is made against a property. The lien is usually used by the subcontractors due to the fact that they have worked on a property and have not received payment for the job.

It is a way of seeking payment for the job they have done in this housing project.

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