Alabama Receipt of Payment for Obligation
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How to fill out Receipt Of Payment For Obligation?
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FAQ
When any person owns or keeps a vicious or dangerous animal of any kind and, as a result of his careless management of the same or his allowing the same to go at liberty, and another person, without fault on his part, is injured thereby, such owner or keeper shall be liable in damages for such injury.
6-5-390, when a child is injured, the child's parents have an equal right to bring a claim on their behalf.
Section 8-29-3 - Timely Payments to Contractors and Subcontractors; Noncompliance With Chapter; Percentage of Retainage on Payments. Timely payments to contractors and subcontractors; noncompliance with chapter; percentage of retainage on payments.
Statute of Limitations for Breach of Contract. In Alabama, a breach of contract claim is subject to a six year statute of limitations under Ala.
Pay When Paid, Retainage. The Prompt Pay Act requires that a contractor who receives payment from an owner must pay each of its subcontractors the portion of the owner's payment corresponding to that subcontractor's interest in the owner's payment.
A person who receives money or personal property for a minor is obligated to preserve the money and personal property, except to the extent necessary for the health, support, education, or maintenance of the minor, and any balance not so used and any personal property received for the minor must be turned over to the ...
On all private projects within the state of Alabama, no more than 10% can be withheld as retainage. However, once a project reaches 50% completion, no more retainage may be withheld. Upon substantial completion of the project, owners must typically release retainage within 60 days.
§ 6-2-34(1) Ala. Code (2005). term is traditionally used and understood in the jurisprudence of our state, signifies the intentional doing of, or failing to do, an act, or discharge a duty, with the likelihood of injury to the person or property of another as a reasonably foreseeable consequence.
