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Debtor-Creditor Law - LXJ( Canada) 1. The Construction Lien Act is designed to provide financial protection for all subcontractors involved in a construction project. Explain

Debtor-Creditor Law - LXJ( Canada)

1. The Construction Lien Actis designed to provide financial protection for all subcontractors involved in a construction project. Explain how a subcontractor acquires a lien right under theAct; how it preserves a lien right under theAct; and how it perfects a lien right under theAct. Make reference to any law, illustration or example as may be required to sufficiently answer the question.

2.What remedies do the Bankruptcy and Insolvency Act (BIA) and other OntarioLegislations provide to control fraudulent activity by bankrupt?

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