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Author Question: Ace Framers, Inc, has completed the framing work on a subdivision of homes being constructed by ... (Read 53 times)

karen

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on: Jun 24, 2018
Ace Framers, Inc, has completed the framing work on a subdivision of homes being constructed by Heritage Homes, Inc Ace purchased the lumber from Arrow Building & Supply on credit.
 A) Ace and Arrow generally will have the right to lien the homes.
 B) Generally, Ace has the right to lien, but not Arrow.
 C) Generally, Arrow has the right to lien but only if Ace does not pay.
 D) Neither has the right to lien if there is an existing construction mortgage.

Question 2

A debtor is presumed to be insolvent on and during what number of days immediately preceding the date of the filing of a bankruptcy petition?
 A) 30
 B) 60
 C) 90
 D) 120


shayla

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

C


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