What is patent defect?
Small Claims Court is a popular venue for disputes related to construction and renovation. Non-payment for work done and dissatisfaction with the job is all too common.
Outside of the small claims court procedure, unpaid contractors often seek a construction lien to encourage payment from the customer. As a result, customers frequently have to deal with a lien on their property even if they believe that no payment is due under the circumstances because the work was shoddy.
For a contractor, is a construction lien always the best way to settle an unpaid account? On the flip side, is immediate payment the only option for a dissatisfied customer? In most cases, the parties involved say “yes” to both questions. Well, that’s not always right.
Let us first briefly consider the nature of a construction lien. A contractor may fairly easily register it against the customer’s house by completing and filing the necessary paperwork. No preliminary court order is required. That’s what makes the construction lien attractive – obtaining it does not require going through a small claims or other court procedure. However, this may be the only advantage of this legal instrument for small contractors whose money claims do not exceed the monetary jurisdiction of the Small Claims Court ($25, 000).
Source: Spectrum Paralegal
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But a participatory economy enjoys advantages in managing this trade off compared to capitalism. Most importantly, direct recognition of 'social serviceability' is a more powerful incentive to innovation in a participatory economy, which reduces the magnitude of the trade off since more innovation will occur in a participatory economy than in capitalism for the same speed of adjustments. Secondl... Economy. Forthcoming.
Levy, David. 1991. Book Review: Seeking a Third Way. Dollars and Sense 171 November 1991: 18-20.
Pramas, Jason. 1991. A Roundtable on Participatory Economics. Z Magazine July/August 1991: 73-74.
Weisskopf, Thomas. 1992. Toward a Socialism for the Future in the Wake of the Demise of the Socialism of the Past. Review of Radical Political Economics 24 (3&4).
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