UNITED MASONRY INC. v. RIGGS NAT. BANK

Nos. 840090, 850187.

357 S.E.2d 509 (1987)

UNITED MASONRY INCORPORATED OF VIRGINIA v. RIGGS NATIONAL BANK OF WASHINGTON, D.C. UNITED MASONRY INCORPORATED OF VIRGINIA v. RIGGS NATIONAL BANK OF WASHINGTON, D.C., et al.

Supreme Court of Virginia.

June 12, 1987.


Attorney(s) appearing for the Case

Robert K. Richardson (Odin, Feldman & Pittleman, P.C., Fairfax, on brief), for appellant.

David G. Lane (Stephen J. Johnson, Lewis, Mitchell & Moore, Vienna, on brief), Frank E. Brown, Jr. (Tolbert, Smith, Fitzgerald & Stackhouse, Arlington, on briefs), for appellees.

Present: CARRICO, C.J., POFF, COMPTON, STEPHENSON, RUSSELL and THOMAS, JJ., and COCHRAN, Retired Justice.


STEPHENSON, Justice.

United Masonry Incorporated of Virginia (United Masonry) was a general contractor on a townhouse project in the Council Square II Subdivision in the town of Vienna. Wedgefield Corporation (Wedgefield) owned the project. Riggs National Bank of Washington, D.C. (Riggs), was the construction lender for the project; its construction loan was secured by a deed of trust on the entire project. Pursuant to the building loan agreement between Wedgefield...

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