A subcontractor files a construction lien in Michigan for $25,000. The property owner disputes the claim. Under Act 497, within how many days must the subcontractor file a lawsuit to enforce the lien?
Correct Answer
D) 1 year
Under Michigan's Construction Lien Act 497, a lawsuit to enforce a construction lien must be filed within 1 year of recording the lien.
Why This Is the Correct Answer
Under Michigan's Construction Lien Act 497, a lawsuit to enforce a construction lien must be filed within 1 year of recording the lien.
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A Michigan contractor's current insurance policy has aggregate limits of $600,000 and per-occurrence limits of $300,000. After two claims totaling $450,000, what coverage remains available?
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A contractor's employee is injured on the job, resulting in $25,000 in medical expenses and 6 weeks of lost wages at $800/week. What is the total workers' compensation claim?