Neal v. Bank of America

The original complaint in this action, which named the Bank of America as sole defendant, attempted to state three causes of action, in substance as follows:

First: Plaintiff had entered into separate written contracts with Milan and Zella Babcock and with Jack and Barbara Lease to construct homes for them for agreed prices of $9,500 and $9,283 respectively, payable in stated installments during the course of construction, the final payment of 20 per cent to be upon expiration of the lien period; the Babcocks and Leases had negotiated building loans with the defendant Bank of America, to…