Question

D Question 3 2 pts In which form of real estate finance is the purchase of the property essentially an installment contract? Mortgage Deed of trust Land contract Possessory lien Question 4 2 pts Jones hired Smith, a general contractor, to build a garage as an addition to Jones' home. Smith hired Adams, a subcontractor, to do the roofing work on this garage. All the work was done satisfactorily, and at the completion of the work, Jones paid Smith the agreed price. However, Smith never paid Adams for her work. Three weeks after Adams finished her work, she filed a mechanics' lien against the property and demands that Jones pays her for her work. Which of the following is most correct? Jones need not pay Adams because he has already paid in full for the garage. Jones need not pay Adams because Adams' contract was with Smith, not Jones Jones should pay Adams even though she does not have a valid lien claim, because that is the ethical thing to do Wones should pay Adams because she can enforceber lien daim against the property Question 5

Answer 1

Question 3:

Mortgage

Question 4:

Jones should pay Adams because she can enforce her lien claim against the property