Question
Conditions Xavier Excavations, Inc., was hired by NoName, LLC, to perform excavating and grading work on Terra Firma, a residential construction project in West Knox
Conditions
Xavier Excavations, Inc., was hired by NoName, LLC, to perform excavating and grading work on Terra Firma, a residential construction project in West Knox County, Maryland. City Bank financed the project with a loan to NoName, LLC. As the work progressed, Xavier Excavations, Inc. received payments totaling 90 percent of the price on its contract. NoName then defaulted on the loan from City Bank and the Bank foreclosed and took possession of the property. Xavier Excavations filed a suit in a Maryland state court against the bank to recover the final payment on its contract. The bank responded that Xavier Excavations had not received its payment because it had failed to obtain an engineers certificate of final completion, a condition under its contract with NoName. Xavier Excavations responded that it had completed all the work it had contracted to do. What type of contract condition does obtaining the engineers certificate represent? Is Xavier Excavations entitled to the final payment? Discuss fully.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started