N.Y. Comp. Codes R. & Regs. tit. 21 § 1002.15

Current through Register Vol. 46, No. 25, June 18, 2024

Section 1002.15 - No waiver or estoppel

(a) No acceptance or other certificate given by the corporation under this Part or the payment of interest, shall be construed to waive or estop the corporation from asserting any claim or right relating to any defect or nonconformity in any goods, work or services, whether patent or latent, regardless of when discovered.

(b) No obligation or liability for interest, nor the actual payment of any such interest under this Part, shall be construed as indicating or implying that the contractor's performance relating to such payment was in all respects satisfactory, acceptable, proper or in conformance with the contract documents, and the fact that the corporation may have paid or be obligated to pay such interest, shall not preclude the corporation from later determining that the work performed or goods delivered, as the case may be, was not satisfactory or acceptable or proper or in conformance with the contract.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 1002.15