Construction Lender Found Liable for Payments to General Contractor Despite Lack of Contractual Relationship

Gregory M. Boucher | Saul Ewing Arnstein & Lehr A Delaware trial court, applying New Jersey and Delaware law, recently ruled that a general contractor, despite not being a party to either a loan agreement or loan commitment, could successfully recover damages from a construction lender. See BCD Assocs., LLC v. Crown Bank, No. CV N15C-11-062… Continue reading Construction Lender Found Liable for Payments to General Contractor Despite Lack of Contractual Relationship

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