Beta

Flashcards Studio

Write, submit, and receive AI feedback with score breakdowns.

Study Settings View Stats

Grades Left 0 this week

AI Graded 0 this week

Tracked Cards 0 saved

Due Review 0 cards

Source Conveyancing Official Sources Showing the closest available flashcard practice.

Topic

Question Type

Reader

0 tracked cards UBE

After a contractor completes the contracted work, assigns its right to final payment to a bank, and the owner receives notice, the contractor and owner agree to reduce the final payment because the owner wants a discount on a different project. The bank did not consent.
What is the bank's best argument?

Choose the Best Answer

The owner and contractor cannot make a bad-faith or unrelated reduction of an earned assigned payment right after notice in a way that cuts off the bank's right without the bank's assent. The bank loses because assignors and obligors may always reduce assigned rights after notice. The bank loses because assignments of payment rights are merely informal requests. The bank may recover only from the contractor and never from the owner.

Load another random question

Your Progress

No data Retention

Tracked Cards: 0
Accuracy: No data
Retained: 0

View Detailed Analytics

Difficulty Breakdown

Answer flashcards to build a real score-based difficulty breakdown.

Current Streak 0 Days

Start a streak with this card.

Suggested Decks

View All

Leech Cards

Review

No recent weak flashcards in your saved workbook.

More

Flashcards Studio

Question

Choose the Best Answer

Hello