Question

A _________ is the voluntary relinquishment of the right to a mechanic's lien before a notice of lien is filed.

A. Satisfaction and accord.
B. Waiver.
C. Collection proceeding. (not)
D. Confessed judgment.

Answer 1

A waiver is the voluntary relinquishment of the right to a mechanic's lien before a notice of lien is filed.

Step-by-step explanation:

A waiver is the voluntary relinquishment of the right to a mechanic's lien before a notice of lien is filed. It is essentially a contractual agreement where the party waiving the lien agrees to give up their right to file a lien in exchange for something of value, such as payment for work or services.