Rudick Co. v. First National Bank of Lafayette

| iLABORDE, Judge.

A lending institution signed a commitment letter addressed to a contractor indicating *847that it would pay the contractor directly for work completed, provided its requests for payment were signed by the architect in charge.

The contractor appeals from an adverse judgment wherein the trial court concluded that the bank’s payment of the loan to the building owner extinguished any obligation the bank may have owed the contractor. We reverse this portion of the judgment. In issuing its commitment letter, the bank assumed its customer’s obligation.

Nonetheless, the outcome of these…