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Home / Opinion Digests / Contract – Construction Project – Financing (access required)

Contract – Construction Project – Financing (access required)

A Norfolk Circuit Court says the evidence indicates the owner terminated the contract for construction of Granby Tower because of inability to obtain financing, not for its convenience, and the court denies subcontractors’ motions to overrule the owner’s plea in bar. The evidence at the hearing May 5-6 established to my satisfaction that the owner had ...

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