When a person contracts for improvements on real property but does not immediately pay for the improvements,the creditor can place a mechanic's lien on the property.

Name: When a person contracts for improvements on real property but does not immediately pay for the improvements,the creditor can place a mechanic's lien on the property.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

This is true. A mechanic's lien gives the creditor a security interest in the property, which can be used to compel payment for the improvements.

When a Person Contracts for Improvements on Real Property but Does