Explanation In the above case, receiving an engineer’s certificate of final completion is a condition precedent in the contract. It was an absolute duty of company HJDE to obtain an engineer’s certificate to avoid the breach of the contract. HJDE is not entitled to final payment because HJDE has not completed the express conditi...

The Legal Environment of Business: Text and Cases (MindTap Course List)

10th Edition

ISBN: 9781305967304

Author: Frank B. Cross, Roger LeRoy Miller

Publisher: Cengage Learning

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Sale Of Goods

Earlier times, there was a barter system of exchange of goods that is commodity exchange. With the advancements of other things, the sale of goods system has also changed and currencies came into existence. People then started exchanging goods against th…

Question

Chapter 13, Problem 7BCP

Summary Introduction

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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Chapter 13 Solutions

The Legal Environment of Business: Text and Cases (MindTap Course List)

Ch. 13 - Prob. 1RE Ch. 13 - Prob. 2RE Ch. 13 - Prob. 3RE Ch. 13 - Prob. 4RE Ch. 13 - Prob. 1IS Ch. 13 - Prob. 2IS Ch. 13 - Prob. 1BS Ch. 13 - Prob. 2BS Ch. 13 - Prob. 3BCP Ch. 13 - Prob. 4BCP

Ch. 13 - Prob. 5BCP Ch. 13 - Prob. 6BCP Ch. 13 - Prob. 7BCP Ch. 13 - Prob. 8BCP Ch. 13 - Special Case Analysis—Material Breach. Go to Case...Ch. 13 - Prob. 1CT Ch. 13 - Prob. 2CT Ch. 13 - Prob. 3CT Ch. 13 - Prob. 4CT

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