Author Question: Construction on a building began on January 2, 2015. As between a construction mortgage recorded on ... (Read 72 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
Construction on a building began on January 2, 2015. As between a construction mortgage recorded on January 11, 2015, and a plumber who records a lien on March 15, 2015:
 A) The plumber will have priority in a dates back state.
 B) The construction mortgage always has priority.
 C) The plumber will have priority if it did its work prior to January 11.
 D) The plumber and construction mortgage are on equal footing.

Question 2

A transfer of property by a debtor within ______ prior to filing with the intent to hinder, delay, or defraud creditors is called a(n) ______.
 A) 3 months, proof of claim.
 B) 3 months, voidable preference
 C) 12 months, proof of claim
 D) 12 months, voidable preference.



mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

For a complete list of videos, visit our video library