A subcontractor has signed a document with the following language: Notice:This document waives rights unconditionally and states that you have been paid for giving up those rights. The subcontractor signed the document in advance of receiving payment for his work. What are the subcontractor's rights on the payment?
A) The subcontractor has given up his lien but might still be able to collect on a unsecured contract basis
B) The subcontractor has unconditionally surrendered his rights to payment
C) The document is unconstitutional because of this clause and the lack of due process
D) The document waives only the lien
B
You might also like to view...
Trapper Company's unadjusted and adjusted trial balances on December 31 of the current year are as follows: ?UnadjustedTrial BalanceAdjustedTrial BalanceCash 4,000? 4,000Prepaid insurance 1,500? 1,200?Equipment 9,000? 9,000?Accumulated depreciation-Equipment? 800? 1,800Salaries payable??? 1,000Unearned repair fees? 2,500? 600Common stock ……………………….?1,000?1,000Retained earnings ……………………….?4,400?4,400Repair fees earned?10,000?11,900Salaries expense 3,500? 4,500?Depreciation expense-Equip.??1,000?Insurance expense 700? 1,000??18,70018,70020,70020,700Present the four adjusting journal entries that were recorded by Trapper Company.
What will be an ideal response?
______ is a series of policies, programs, and initiatives that have been instituted by various entities within both government and the private sector that are designed to prefer hiring of individuals from protected groups in certain circumstances, in an attempt to mitigate past discrimination.
A. Diversity B. Affirmative action C. EEO D. Innovation
A voluntary arrangement between firms that involves the sharing of knowledge, resources, and capabilities with the intent of developing processes, products, or services is best described as a
A. proprietorship. B. strategic alliance. C. cooperative. D. leveraged buyout.
In a ____________________ market investors expect share values to go up, and in a ____________________ market investors expect share values to go down.
Fill in the blank(s) with the appropriate word(s).