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1.Of first to file, first and right state will: a. Give mechanics priorities back to the time construction begin. b. give general contractors priority over
1.Of first to file, first and right state will:
a. Give mechanics priorities back to the time construction begin.
b. give general contractors priority over subcontractors.
c. Give mechanics priorities according to the time each individual project is begun.
d. none of the above
2. A termination of a lien occurs in which of the following Circumstances?
a. Filing of a release
b. Transfer of the property
c. Discovery of poor Quality work
d. none of the above
3. which of the following is not an example of a statutory lien?
a. Mortgage
b. Mechanics lien
c. Judgment
d. both a and c
e. none of the above
4. which of the following properties is not exempt from a mechanics lien?
a. State land
b. Corporate property
c. Federal land
d. municipal housing
e. all of the above are exempt
5. A lien for Federal estate taxes is a judicial lien?
a. true
b.false
6. in a state where the lien date back to the start of construction, what priority will the permanent lender have if liens exist when the mortgage is recorded?
a. Last priority
b. first priority if the lender is a permanent lender
c. The same priority as a construction lender
d. none of the above
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