CALENDAR OF EVENTS   |   JOBS   |   ABOUT   |   CONTACT   |   BENEFITS   |   MY ACCOUNT   |   VIEW SHOPPING CART   |   Log In      
Article Date: 04/05/2013


Contractor Has to Pay Again to Sub's Secured Creditor


Where a contractor mistakenly paid a subcontractor instead of the sub’s secured creditor bank, the contractor was required to pay the bank the full face amount of the misdirected checks regardless of the bank’s actual damages. The contractor’s only recourse for the double payment was against the subcontractor, which had gone out of business.

 


Already a member?

Email:  

Password:  



MEMBERS

Please log in to view the full text

NOT YET A MEMBER?

Purchase a Membership
with a money-back guarantee
and immediate access

OR

Buy This Item Individually
Price: $20.00