Question: Good-Work Ltd hear rumours within the local engineering market that their client, HardUp Ltd may not be able to finance the rest of the works

Good-Work Ltd hear rumours within the local engineering market that their client, HardUp Ltd may not be able to finance the rest of the works due to the economic climate and the unavailability of credit from the finance markets. Good-Work fears that HardUp might be insolvent. HardUp has retained approximately GHS2,000,000 from the valued works included in all interim payments so far. Using relevant cases, discuss and advise Good-Work. Discuss this case from the perspective of protection of retention and retention bonds

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