A conditional progress release lists $15,000, but the check delivered is $13,250. What unpaid balance remains from that listed amount?
Correct Answer
C) $1,750.
The unpaid balance is $15,000 minus $13,250, or $1,750.
Why This Is the Correct Answer
The unpaid balance is $15,000 minus $13,250, or $1,750.
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For many CA lien claimants other than the direct contractor, a valid notice of completion can shorten the lien recording deadline to 30 days. If notice is recorded on May 5, what date is 30 days later?
