What happens when homeowners owe more to subcontractors than the ...

[eruditmonkey@yahoo.com]

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]

Answer to Question 1

D

Answer to Question 2

B