Read Business Scenario 29-2, “Liens,” located on page 554 of your course textbook. Discuss whether property owners who do not contract for improvements should be liable for the cost under such a lien. Your post should be at least 100 words in length.
29-2:
Nabil is the owner of a relatively old home valued at $105,000. The home’s electrical system is failing, and the wiring needs to be replaced. Nabil contracts with Kandhari Electrical to replace the electrical system. Kand- hari performs the repairs, and on June 1 submits a bill of $10,000 to Nabil. Because of financial difficulties, Nabil does not pay the bill. Nabil’s only asset is his home, but his state’s homestead exemption is $60,000. Discuss fully Kandhari’s remedies in this situation. (See Laws Assisting Creditors.)
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