Do you mean a "mechanic's contract"?
"Enforceable claim, permitted by law in most states, securing payment to contractors, subcontractors and suppliers of materials for work performed in constructing or repairing a building. The lien, which attaches to real property, plus buildings and improvements situated on the land, remains in effect until the workmen have been paid in full, or in event of liquidation, gives the contractor Priority of Lien ahead of other creditors."
So the "mechanic" makes a "contract" with you to do something such as add a porch or build a wall. If you don't pay the mechanic (the contractor), he can file a "mechanic's lien" against you in court to collect the money you owe.
2007-01-06 00:14:54
·
answer #1
·
answered by peter_lobell 5
·
0⤊
0⤋