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Which of the following statements is FALSE concerning Mechanic's Liens?
Which of the following statements is FALSE concerning Mechanic's Liens?1) Mechanic's liens are a legal claim against property for unpaid work or materials provided by a contractor or subcontractor.
2) Mechanic's liens can be filed by anyone who has provided labor or materials for a construction project.
3) Mechanic's liens take priority over other liens, such as mortgages or tax liens.
4) Mechanic's liens are only applicable to residential properties.
Final answer:Statement number 3 concerning Mechanic's Liens is false, as these liens don't always have priority over other claims like mortgages or tax liens. Mechanic's Liens can also be filed against commercial properties, not just residential ones.Explanation:Among the statements you've presented about Mechanic's Liens, the FALSE one is statement number 3. It's not correct that Mechanic's liens always take priority over other liens, such as mortgages or tax liens. Priority is generally determined by the date of the mechanic's lien relative to other claims. There are situations in which other liens have priority over mechanic's liens, and the specific rules can vary depending on the jurisdiction.The first statement is accurate; Mechanic's Liens are indeed legal claims against property for unpaid work or materials. The second statement is also true; these liens can be filed by those who have provided labor or materials to a construction project. However, the fourth statement is false because mechanic's liens are not limited to residential properties; they can apply to commercial properties as well....