Cap. t4:35 Movnrm Pnornnrr Srcurury lursnnsrs No.9l20L7 (2) Notification of a security interest in a receivable nny relate to receivables arising after notifi cation. (3) Until the obligorof the receivable receiyes notification of a security interest it is discharged by payrng it in accordance with the original contract; whercafter if the obligor of the receivable receives notifcation of a security intercst in a raeivable, it is dischaqged only by paylng the secured creditor; unless odrcnvise instnrcted in t$e notifcation or subsequendy by the secured creditor in writing received by the obligor of the receivable. in a receivable, (4) Ifthe obligorofthe receivable receives notificationof more thanore secwity interest in the sams receivable created by ttrc same debtor, it is discharged by payrng it in accordance with the first notification received- (5) The obligor of the receivable is entitled to request the secured creditor to prcvide him orher, within a reasonable period of time, adequate prcof that the security intercst in a receivable has been created. (6) Until the secured crcditor complies with subparagraph (5), the obligor of the receivable may discharge his or her obligation by payrng the debtor, even if the obligor of the receivable has received a notificatiou of a security intereet. Deferces and rights of set-offaf obligor of rcceivable 25 . ( I ) In a claim by the secured creditor against the obligor of the receivable for payment of the €ncumberd receivable, the obligor of the receivable may raise against the secured creditor- (a) all defences and rights of set-olf arising from the mntract gviog rise to the receivable,or any otherc,ontract that waspart of the same transaction, of which the obligor of the receivable could avail hiurself or herself as if the security interest had not been created and the claim were made by the debtor; and (b) any dher right of set-offtlat was available to the obligor of the receivable at the time it received notification of the security interest. (2) Notwithstandingsu@aragr4h (l),theobligorof thercceivable rnaynotraise a defence or right of set-off based upon the detfior's brmch of an agreerpnt refened to in paragraph 4 limiting in any way the debtor's right to create the security interest. (3) The obligc of the rcceivable may agree with the debtorin a sigred agreernent not to raise against the secured creditor the defences and rights of set-off rpferred to in subparagraph (l), (4) The obligor of the receivable may m waive defences arising from fraudulent acts on the part of the secured creditor or based on his o'r her own incapacity. Modifuation of original agrcerrznt ?-6. An agreement concluded before notffication of a security interest in a receivable created by a security agreement between the detts and the obligor of the receivable that affects the secured creditor's rights is effective as against the securEd credittr, and the secured creditor acquires corresponding rights. Entitlemcnt n dunagesfor breach of obligation n.Q) If a person fails to discharge any &ty or obligation imposed by this Act, the per$on to wtrom,the duty or obligation is owed or any other person who can reasonably be expected to rely on performance of the duty or obligation shall have a right to recover damages for any loss or damage that was reasonably foreseeable as likelv to result from the failure. 17l