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Title: Tom Horton is building a cabin on land that he already owns. He hired Landmark Builders as his ... Post by: Mimicri on Jan 28, 2018 Tom Horton is building a cabin on land that he already owns. He hired Landmark Builders as his contractors. The cabin was completed except for internal finishing work when Landmark declared bankruptcy. Horton had agreed to pay Landmark 475,000 for construction of the cabin and had paid out 400,000 to Landmark by the time Landmark declared bankruptcy. Subcontractors for the framing, roofing, staining, and grading are owed 125,000. The subcontractors have all filed (properly) liens on the property. Which of the following statements is true?
A) Some states provide protections against requiring residential property owners to pay subcontractors left unpaid by an insolvent contractor. B) In some states, Horton could be required to pay the subcontractors. C) The subcontractors can pursue their claims in bankruptcy. D) All of the above are correct. Title: Tom Horton is building a cabin on land that he already owns. He hired Landmark Builders as his ... Post by: whitneyracquel on Jan 28, 2018 D
Title: Tom Horton is building a cabin on land that he already owns. He hired Landmark Builders as his ... Post by: Mimicri on Jan 28, 2018 Feel extremely confident now
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