Business, 27.05.2020 13:58 jasmine3051

Many substandard condo developments have been built by small corporations that declare bankruptcy or go out of business when legal actions are started against them by condo buyers. What legal remedies might reduce this moral hazard problem? Legal remedies that might reduce moral hazard among small corporations that build condos include A. prohibiting these builders from receiving deferred payments. B. excluding these builders from insurance mandates. C. providing limited liability for these builders who incorporate. D. required these builders to post a surety bond. E. establishing wage maximums that these builders can be paid.

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