Author Question: What happens when homeowners owe more to subcontractors than the total price they were to pay the ... (Read 46 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
What happens when homeowners owe more to subcontractors than the total price they were to pay the general contractor because the general contractor has not paid the subcontractors and the general contractor is no longer solvent?
 A) Homeowners are always exempt from paying more than they owed the general contractor
 B) The homeowners must pay the full amount due to all subcontractors
 C) The homeowners cannot be liened by the subcontractors
 D) Courts and states have differing standards of equity applied in resolving these issues

Question 2

An extended time payment plan:
 A) does not provide for a discharge of the debtor.
 B) provides for a discharge of the debtor.
 C) does not require creditors holding the same type or class of claim to be treated the same way.
 D) will not allow the debtor to pay the debts in installments if the debtor's creditors had not originally agreed to such installments.



duke02

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

For a complete list of videos, visit our video library