If you were in a state that followed the New York theory of lien claims and an owner had a contract to build a home for $100,000 and had already paid the general contractor $60,000, the owner's responsibility to subcontractors and material suppliers on lien claims would be limited to
A) $40,000.
B) $60,000.
C) $100,000.
D) none of the above.

Question

Quizplus · Accepted Answer

Under the New York theory of lien claims, the owner's liability to subcontractors and material suppliers is limited to the unpaid balance of the contract price, which in this case is $40,000.

If You Were in a State That Followed the New