The Legal Environment of Business: Text and Cases
The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Chapter 13, Problem 7BCP
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Case summary: Company JRSF hired company HJDE to excavate and grade a land which is part of a residential project. The project is financed by bank CC. Company HJDE received 90% of total payments after finishing half work and anticipated that the last payment was due. The contractor filed suit against bank CC for non-payment of the due amount. The Bank specifies the reason that HJDE did not receive the due payment because it had failed to obtain an engineer’s certificate of completion.

To find:The type of contract condition required to obtain the engineer’s certificate.

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