BUSINESS LAW!!

Mary and Bob Raine own a summer cabin in the Poconos Mountains. The Raine's contract with Julian, a local painter, to paint the cabin before the summer season. They agree on a price of $5,000, including labor and materials. Julian completes the job on time, but Raine's claim financial hardship and only pay him $2,000 of the charges.

1) Can Julian Adrian obtain the rest of what he is owed from the Raine's? If so, what are his options?

2) Assume that the Raine's gave a mortgage to Fox Credit Union securing the cabin as collateral five years prior to them hiring Julian to paint it, would Fox Credit Union's security interest be effected in any way as a result of Raine's failure to fully pay Julian?

Answer rating: 100% (QA)

1 Can Julian recover the remaining 3000 Yes Julian has several options to recover the remaining 3000 owed to him Breach of Contract Julian can sue the ... View the full answer