In re the Rehabilitation of Frontier Insurance
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Peters, J.
In 1999, petitioner, an Illinois corporation, was hired as the general contractor for the construction of a high-rise condominium complex in Chicago, Illinois. Petitioner engaged Chicago Concrete Contractors, Inc. as a subcontractor to provide concrete for the project with a contract price of $5,255,155. Pursuant to the terms of the subcontract, Chicago Concrete obtained payment and performance bonds from respondent in the full amount of the contract.
In January 2001, petitioner declared Chicago Concrete in default of its obligations under the subcontract and…
2Cases cited21 opinions
- Ryan v. New York Telephone Co.New York Court of Appeals · 1984
- Parker v. Blauvelt Volunteer Fire Co.New York Court of Appeals · 1999
- Buechel v. BainNew York Court of Appeals · 2001
- Midland Hotel Corp. v. Reuben H. Donnelley Corp.Illinois Supreme Court · 1987
- Halyalkar v. Board of RegentsNew York Court of Appeals · 1988
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