Escrow & TitleIntermediateDelaware Exam
A mechanics' lien in Delaware gives which party the right to claim against a property?
AA mortgage lender who finances improvements
BA contractor or supplier who provided labor or materials for property improvementsCorrect
CA buyer who paid a deposit and the sale failed
DA neighbor whose property was damaged during construction
Why A contractor or supplier who provided labor or materials for property improvements Is Correct
Answer B: A contractor or supplier who provided labor or materials for property improvements
A mechanics' lien is a statutory lien that protects contractors, subcontractors, and material suppliers who provide labor or materials to improve real property and have not been paid.
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
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