GA Contractor drive mode. Contracts. 10 questions.
Question 1 of 10.
A contractor accepts the final payment from an owner without objection, then later asks for Prompt Pay Act interest because that payment was late. Under O C G A 13-11-7(a), what is the effect of accepting the final payment?
A: Acceptance releases all claims for interest on that payment
B: The contractor may recover interest within 90 days of acceptance
C: Acceptance doubles the interest rate for willful delay
D: Interest keeps accruing until the contractor signs a release
NEXT: A · B · C · D
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