Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

LaSalle Bank loaned $8 million to Cypress Creek 1, LP, to build an apartment complex. The loan was secured by a mortgage. Cypress Creek hired contractors to provide concrete work, plumbing, carpentry, and other construction services. Cypress Creek went bankrupt, owing LaSalle $3 million. The contractors recorded mechanic's liens when they did not get paid for their work. The property was sold to LaSalle at a sheriff's sale for $1.3 million. The contractors claimed that they should be paid the amounts they were owed out of the $1.3 million and that the mechanic's liens should be satisfied before any funds were distributed to LaSalle for its mortgage. The trial court distributed the $1.3 million primarily to LaSalle with only a small fraction going to the contractors. Do the liens come before the mortgage in priority of payment? Discuss.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91904172

Have any Question?


Related Questions in Operation Management

Learning outcome1 understand the issues involved with

Learning Outcome: 1. Understand the issues involved with transfer pricing in multidivisional companies 2. Provide an appreciation of logistics activities and their relationship to supply chain management, other business ...

Feliciarsquos footwear is a small company that makes

Felicia’s Footwear is a small company that makes children’s custom footwear. The company make footwear for all ages and specialize in footwear for medical problems and for unusually large sizes (e.g., the 6’9’’young man ...

Assignmentsolar co inc a solar panel manufacturing and

Assignment Solar Co. Inc., a solar panel manufacturing and installation company, has recently encountered several legal issues related to harassment allegations by employees, mistakenly classifying workers as independent ...

Case study u s stroller lean see attachement bellow

CASE STUDY: U. S. Stroller: Lean (see attachement bellow) Discussion Questions: 4 full pages minimum 1-How would you describe the current situation facing U. S. Stroller? 2-What are the pro's and con's of the options pre ...

Over two decades your predecessor and boss ceo michael

Over two decades, your predecessor and boss, CEO Michael Eisner, accomplished much, starting the Disney Channel, the Disney Stores and Disneyland Paris, and acquiring ABC television, Starwave Web services (from Microsoft ...

You are a manager of a new high-end retail store your

You are a manager of a new high-end retail store. Your company’s business strategy is to provide high-quality customer service and to provide high-quality products. You are not the cheapest store in town, but you expect ...

Foruminstructions there are two readings in this forum you

Forum Instructions: There are TWO readings in this forum. You are to read both and respond to the questions associated with each article. Response Format - Include the question and type your response directly under it. Y ...

News vendor model john just started his entrepreneurship in

News vendor model: John just started his entrepreneurship in the business of outdoor material. He bought wetsuits from O’Neill and is selling the suits in his shop. Each wetsuit cost him $240 to order from his supplier. ...

The home depot considers entering china1 did you agree with

The Home Depot Considers Entering China: 1. Did you agree with their decision in December, 2006 and if not which option would you have recommended? 2. Outline the risks it faces as it begins operations in China. 3. Discu ...

1 which of the following is an example of a suggestive

1. Which of the following is an example of a suggestive trademark? a. Bufferin b. Nike c. Lysol d. Dairy Queen e. Coca-Cola 2. In Smith v. Kulig, Smith was killed when visiting his friend who rented an apartment from Kul ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As