Author Question: What happens when homeowners owe more to subcontractors than the total price they were to pay the ... (Read 41 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?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library