Which one of the following is false with respect to the Builders' Lien Act?
A) The Builders' Lien Act gives some protection for those in the building trades, and these include contractors, subcontractors, workers, and materialmen.
B) If a lien claimant loses the right to file a lien, he still has the right to sue the party who failed to pay him for breach of contract.
C) If a lien claimant files his lien within the time set, he can be assured that he will collect the full amount of his claim.
D) A lien claimant has a limited period of time from filing his lien within which to begin his court action.
E) The lien claim is required to be filed at the appropriate registry in order to establish a claim against the property.

Question

Quizplus · Accepted Answer

Filing a lien within the time set does not guarantee that the lien claimant will collect the full amount of his claim. The amount that can be recovered through a lien depends on the available equity in the property after other liens, mortgages, and encumbrances have been satisfied.

Which One of the Following Is False with Respect to the Builders