What is Construction Liens
What is Construction Liens (Mechanics' and Builders’ Liens)?
Expert
Persons who have extended credit in the form of goods and services to improve land have a statutory right to record a security claim against the land that they have improved. If the claim of the lien holder is not paid, the lien holder may be able to cause the land to be sold and can receive payment from the sale proceeds.
A mechanics' lien is available, under most provincial acts, only to creditors who participate directly as workers or supply material for use directly in construction. The courts have held that an architect who prepares building plans is entitled to a lien. Ontario’s Construction Lien Act and some other provincial statutes entitle a lesser of equipment used in construction (but a seller of such machinery or tools is not entitled).
Explain the role of Impossibility in Discharge by Frustration?
Explain what do you mean by Fiduciary duty?
Did the Breach Cause the Harm?
Illustrate Contract and the term Corporation?
What are the Common Writing Requirements?
Illustrate the term Liabilities?
Elucidate the types of Insurance for Businesses?
Explain the regulatory Protection of Creditors?
Explain the Specific Remedies for an Unpaid Seller?
Illustrate the term corporate law?
18,76,764
1954688 Asked
3,689
Active Tutors
1444795
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!