What is Lien Law Section 38?
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In East 49th St. Dev. LLC v. Prestige Air and Design, the Kings County Supreme Court (Demarest, J.) noted that under New York law, a surety bond is to be interpreted as any other contract and the court should, therefore, … Continue reading
As most of you know, a new version of the AIA A312 performance bond came out in 2010 “replacing” the 1983 version of the A312. As we enter year two of the A312-2010 I thought it was a good time … Continue reading
In Adams v. Carriage House Farm, Inc. the Appellate Division, Second Department, affirmed a lower court judgment that held that a mechanic’s lien was subordinated to the mortgage on the premises. The Court noted that there was no proof on … Continue reading