Port Charlotte Bank & Trust Co. v. Ballenger Corp. (In re T & B General Contracting, Inc.)

HATCHETT, Circuit Judge:

In this bankruptcy appeal, we determine that neither the relationship nor events which occurred between a general contractor, a subcontractor, and a bank established a contract or duty which rendered the prime contractor liable or otherwise responsible for losses suffered by the bank when the subcontractor defaulted on its bank loans. We affirm.

FACTS

This controversy between the appellant, Port Charlotte Bank and Trust Company (Bank) and Ballenger Corporation (Ballen-ger) began as an adversary proceeding in the United States Bankruptcy Court by the debtor, T & B General…