A contractor files a mechanic's lien in Alabama for $45,000. What is the required bond amount to contest this lien?
Correct Answer
D) $67,500
Alabama requires a bond of 150% of the lien amount to contest. $45,000 × 1.5 = $67,500.
Why This Is the Correct Answer
Alabama requires a bond of 150% of the lien amount to contest. $45,000 × 1.5 = $67,500.
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