If entered into a building contract with Mike under which Jeff agreed to instruct a garage on Mike's lot for $$60,000.$ Lumber Supply Company pplied the lumber at Jeff's request, but when Jeff failed to pay for the aterial within a few weeks after it was supplied, the company filed a onstruction lien for $$30,000$ against Mike's property. When Mike is tified of the registration of the lien, he must hold back the amount of the en$,$ or whatever funds he has in his hands at the time, if they should be ss than the amount of the claim.

True or False