Question
Ethan and Raney Sword own a summer cabin in the Poconos Mountains.The Swords contract with Adrian, a local painter, to paint the cabin before the
Ethan and Raney Sword own a summer cabin in the Poconos Mountains.The Swords contract with Adrian, a local painter, to paint the cabin before the summer season.They agree on a price of $5,000, including labor and materials.Adrian completes the job on time, but the Swords claim financial hardship and only pay him $2,000 of the charges.
1) Can Adrian obtain the rest of what he is owed from the Swords?If so, what are his options?
2) Assume that the Swords gave a mortgage to Fox Credit Union securing the cabin as collateral five years prior to them hiring Adrian to paint it, would Fox Credit Union's security interest be effected in anyway as a result of the Swords failure to fully pay Adrian?
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