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Home / Opinion Digests / Municipal – Developer Letter Of Credit – Limitations (access required)

Municipal – Developer Letter Of Credit – Limitations (access required)

A county loses its suit for collection on a letter of credit issued by defendant bank in 1990 to cover site work that developers never completed, as it is unreasonable for the county to issue its demand 17 years after the initial default by the developers, and the Fairfax Circuit Court grants summary judgment to ...