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What are the encumbrances

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Reference no: EM131553052

Your 2-page double-spaced APA Style memorandum should consider

1) what are the encumbrances, and

2) what is the priority between the two liens (who gets paid first)..

USING MEMORANDUM TEMPLATE ATTACHED.

AT LEAST 1 CITED SOURCE

Your senior partner asks you to provide a 2-page memorandum for his use in the following situation:

Your client, Lanwin, is a developer and operator of club style membership stores which allow individuals who purchase a membership in the store to shop there.

Build is a contractor who specializes in large scale commercial developments. Finish is a contractor who specializes in doing finishing contract work on commercial property once most of the other construction work has been completed.

A zoning ordinance provides that any commercial endeavor must be available to any member of the public without condition or other restriction based on race, color, creed, religion or sexual orientation. A violation of the ordinance will prohibit an occupancy certificate from being issued by the city. A failure to obtain a certificate of occupancy will prohibit Lanwin from opening ClubMart.

Clubmart's construction is now complete and Lanwin has expended a considerable amount of money in advertising its impending opening. A dispute has developed between Lanwin and Finish as a result of what Lanwin regards as billing errors.

Finish has filed a lien on the property. As a course of business, Build has filed a lien against the money owed to him by Lanwin for the construction of ClubMart.

Attachment:- memo_template.rar

Reference no: EM131553052

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