Article Date: 01/21/2008

SUB'S FINANCE COMPANY COULD SUE PRIME OVER PROGRESS PAYMENTS

U.S. Court of Appeals for the Eighth Circuit

Receivables Purchasing Co., Inc. v. Engineering and Professional Services, Inc.

No. 06-3825
January 4, 2008

Overview

A federal appeals court has ruled that a finance company that purchased accounts receivable from a subcontractor could sue the prime contractor if the prime misrepresented the status of subcontractor ... Log in to view the full text.

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