A subcontractor performs $45,000 worth of electrical work on a commercial project in Charleston. The general contractor fails to pay. What is the required bond amount to contest the mechanics lien?
Correct Answer
C) $67,500
South Carolina requires a bond of 150% of the lien amount to contest. $45,000 × 1.5 = $67,500.
Why This Is the Correct Answer
South Carolina requires a bond of 150% of the lien amount to contest. $45,000 × 1.5 = $67,500.
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A material supplier delivered $25,000 worth of lumber to a job site. The general contractor has not paid after 45 days. Under SC mechanics lien law, what is the supplier's next required action to preserve lien rights?