Matthew DeVries | Best Practices Construction Law This weekend was all about The Rise of Gru. I love Gru so much that when my children ask for money, my best Gru-like voice belts back: “Now, I know there have been some rumors going around that the bank is no longer funding us….In terms of money, we… Continue reading Gru Was Wrong About the Money: Court Concludes that Lender Owes Contractor “Contractually, Factually and Practically”
Tag: Loan Agreement
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