Legal Opinion
Alhadeff v. Meridian on Bainbridge Island, LLC
Washington Supreme Court
Decided November 25, 2009No. 81833-9PublishedCited by 20 opinions
1Opinion of the CourtJ.M. Johnson, J.
¶1 Kitsap Credit Union (KCU) granted The Meridian on Bainbridge Island, LLC (Meridian) a loan to construct condominiums on Bainbridge Island. In order to satisfy a condition of the loan, Meridian persuaded N. Jack Alhadeff to authorize the issuance of a letter of credit (LOC) to KCU for the benefit of Meridian. The LOC required KCU to certify prior to drawing that the construction loan had been exhausted and that there were no events of default on the loan. Alhadeff and KCU exchanged a pair of letters confirming these certification requirements a few days prior to the issuance of the LOC. KCU…
2Cases cited26 opinions
- Wilson v. SteinbachWashington Supreme Court · 1982
- Amalgamated Transit Union Local 587 v. StateWashington Supreme Court · 2000
- Bernethy v. Walt Failor's, Inc.Washington Supreme Court · 1982
- Berrocal v. FernandezWashington Supreme Court · 2005
- Berrocal v. FernandezWashington Supreme Court · 2005
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3Cited by20 opinions
- Veridian Credit Union v. Eddie Bauer, LLCDistrict Court, W.D. Washington · 2017
- Alhadeff v. MeridianWashington Supreme Court · 2009
- Arnold v. Saberhagen Holdings, Inc.Court of Appeals of Washington · 2010
- Arnold v. Saberhagen Holdings, Inc.Court of Appeals of Washington · 2010
- CANO-GARCIA v. King CountyCourt of Appeals of Washington · 2012
15 more not listed; retrieve them via the Exa API.