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Title: Liens

Essay Details

Subject: Business
Author: Andrea J
Date: July 31, 2011
Level: University
Grade: A
Length: 2 / 352
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

There are several types of liens that serve a specific purpose. The style of lien that protects contractors and subcontractors is called a mechanics lien. A materialman’s lien protects a material provider from non payment. According to the text, there are two different systems that most states follow for the establishment of mechanic and materialman liens...

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They are referred to as the New York and Pennsylvania systems. The biggest difference is that with the New York system, the contractors and material providers can take out a lien for the specific amount owed at the time the lien is filed. Under the Pennsylvania system, a lien can be filed for the ‘value’ of the labor or materials...

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